LIG Assets, Inc. has entered into a definitive agreement to acquire a tract of land in Northwest Florida for mining limestone aggregates and high-quality, ultra-pure calcium carbonate. The transaction follows a previously disclosed letter of intent and represents a significant milestone in the company's strategic diversification efforts.
The mining property is located in Florida's northern panhandle and is expected to support production of construction aggregates, including road base materials, and agricultural lime used to reduce soil acidity. The site also presents future potential for expansion into the ultra-pure calcium carbonate market, which serves medical, agricultural, and industrial applications. These end uses include antacids and calcium supplements, construction materials, paper and paint products, and consumer goods such as toothpaste, cleaning agents, and food additives.
In connection with the transaction, LIG Assets has transferred $500,000 to the seller to secure exclusive rights to the entire acreage. Additional details regarding the transaction will be disclosed at a later date. The acquisition expands the company's portfolio across agriculture, construction, and industrial markets.
Allan Gillis, Chief Executive Officer of LIG Assets, stated that current regulations requiring disclosure of material events within four days necessitated the announcement, noting the transaction remains fluid with more details to come. The company is targeting positive operational cash flow in 2026 and positioning itself for potential uplisting to a minimum of QB and/or QX status.
The strategic move into limestone aggregates and calcium carbonate production comes as LIG Assets continues streamlining operations and leveraging new sales partnerships and joint ventures. Since management transitioned in April 2017, the company has generated almost $25 million in deposited revenues. Detailed information about the company's filings is available at https://www.otcmarkets.com/stock/LIGA/overview.
This acquisition positions LIG Assets to capitalize on growing demand for construction materials in Florida's development markets while establishing a foothold in the specialized calcium carbonate sector. The ultra-pure calcium carbonate market represents particular growth potential given its diverse applications across healthcare, manufacturing, and consumer products industries. For the construction sector, access to local aggregates could support infrastructure projects throughout the region while potentially reducing transportation costs compared to imported materials.
The agricultural lime component addresses ongoing needs in farming operations throughout the Southeast, where soil acidity management remains crucial for crop productivity. By securing this property, LIG Assets establishes a vertically integrated position that could provide competitive advantages in multiple market segments simultaneously. The transaction reflects broader industry trends toward strategic resource acquisition and diversification within industrial conglomerates seeking stable revenue streams across economic cycles.
