LIG Assets, Inc. (OTCQB: LIGA) announced on May 14, 2026, that it is making progress on a technical report summary under SEC Regulation S-K Subpart 1300 for its calcium mining interests in the Marianna, Florida region. The company is collaborating with industry professionals and consultants to prepare and evaluate this report, which aims to further validate the mineral resources, reserves, operational potential, and overall economic value of its calcium carbonate mining assets.
The move comes as management seeks to update a 2009 appraisal that estimated the calcium reserves at approximately $400 million, based on calcium products valued at about $8.50 per ton at that time. Since then, market prices, industrial demand, infrastructure needs, agricultural applications, and specialty calcium product opportunities have increased significantly, leading management to believe the mine's valuation has greatly increased. The company expects that a modern SK-1300 report could provide updated reserve validation and enhanced transparency regarding the asset's underlying value, though no assurances are given on the conclusions or valuation ranges that may result.
In addition to the technical work, LIG Assets is evaluating strategic transactions and operational opportunities to strengthen its revenue base and long-term financial position. Several initiatives are under review, and the company plans to provide updates as developments progress. Management emphasized its commitment to building long-term shareholder value through asset development, operational improvements, and disciplined growth, noting that the SK-1300 process is an important step in communicating the potential significance of the calcium mining assets.
The company continues to focus on mining, land reclamation, environmental technologies, and resource-related operations where undervalued assets and operational improvements may create future value. LIG Assets intends to keep shareholders informed of operational milestones, acquisitions, technical reports, and material developments as information becomes available.
For more information, visit the company's profile on OTC Markets or its website at www.LIGAssets.net.
