LIG Assets, Inc. has announced a strategic advancement in its mining and environmental remediation platform, including execution of a second Letter of Intent through its affiliate Gold Run, Inc. and continued development of proprietary remediation technologies. The non-binding LOI is between Gold Run, Inc. and Kingdom Materials Holdings LLC for a proposed lease purchase agreement covering approximately 41 acres located at 3333 Valley View Road, Marianna, Florida, adjacent to the Brooks Quarry property totaling approximately 1,132 acres.
This represents LIG's second mining-related transaction currently in progress, following a binding LOI that included a $500,000 payment and yielded favorable testing results. The expansion positions the Company to establish what management believes could become a significant new mining and processing facility. LIG's entry into mining evolved from years of investment into sustainable environmental technologies designed to address persistent problems facing agriculture, municipalities, and mining operators worldwide.
After several years of development, field testing, and refinement, LIG has supported the advancement of three independent but complementary technologies that form an integrated remediation platform. The first technology demonstrates rapid water clarification without chemical additives, potentially clarifying contaminated ponds and slurry pits within 28 to 35 days in controlled testing environments. For mine operators facing environmental violations or mounting remediation costs, accelerated clarity and detoxification timelines could represent meaningful operational and regulatory advantages.
The second technology increases dissolved oxygen and hydrogen levels in water systems, with certain oxidation reactions observed under controlled conditions. In oilfield-related wastewater applications, preliminary testing indicates potential recovery of up to approximately 12% of hydrocarbons present in certain waste streams. Management believes this dual impact of environmental remediation combined with potential hydrocarbon recovery could materially improve the economics of oilfield and mining wastewater management.
The third technology involves a next-generation filtration system that has demonstrated removal rates of up to approximately 93% of specific heavy metals from contaminated water streams in certain test environments. Heavy metal contamination remains one of the most expensive and complex regulatory challenges in mining operations, and scalable implementation of this filtration technology could significantly reduce remediation timelines and compliance exposure.
Mining companies across the United States and internationally face escalating environmental regulations, millions in potential fines, long-term reclamation liabilities, and increasing pressure from regulators, investors, and ESG-focused stakeholders. LIG's integrated technology platform offers alignment of cleaner water, detoxified land, reduced environmental exposure, potential incremental revenue from resource recovery, and improved public and regulatory positioning. Because of these multi-year testing efforts, slurry pit operators have initiated discussions regarding pilot programs and potential remediation partnerships.
The Company acknowledges that prior public disclosures have been measured and limited, stating this discretion has been intentional as LIG has been actively negotiating mining transactions and evaluating long-term structural partnerships. Management expects to provide a comprehensive strategic update in March outlining its broader mining acquisition and development roadmap, progress on both LOIs and other deals, potential operational buildout plans, and introduction of an experienced mining executive management team.
Management believes the convergence of strategic mining asset acquisitions, proprietary environmental remediation technologies, potential resource recovery enhancements, and growing regulatory pressure on operators creates significant opportunity for LIG Assets, Inc. and its shareholders. While substantial work remains including definitive agreements, regulatory approvals, financing, engineering validation, and commercial scaling, management believes the foundation now in place positions the Company for a transformative phase of growth. View the original release on https://www.newmediawire.com.
