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FAQ: LIG Assets' Acquisition of Limestone Aggregates Property in Northwest Florida
TL;DR
LIG Assets acquires Florida land for limestone mining, gaining a strategic advantage in construction, agriculture, and industrial markets with potential for high-purity calcium carbonate production.
LIG Assets secured exclusive rights with a $500,000 payment to acquire land for mining limestone aggregates and ultra-pure calcium carbonate used in various industries.
This acquisition supports agriculture through soil-enhancing ag-lime and provides materials for medical supplements and consumer goods, improving daily life and industrial processes.
Limestone from this Florida site can become everything from toothpaste and antacids to road materials, showing how one resource serves diverse modern needs.
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LIG Assets, Inc. has entered into a definitive agreement to acquire a tract of land in Northwest Florida for the purpose of mining limestone aggregates and high-quality, ultra-pure calcium carbonate.
The mining property is located in Florida's northern panhandle in Northwest Florida.
The property is expected to support production of construction aggregates (including road base materials), agricultural lime to reduce soil acidity, and has future potential for ultra-pure calcium carbonate used in medical, agricultural, and industrial applications.
Ultra-pure calcium carbonate serves applications including antacids and calcium supplements, construction materials, paper and paint products, and consumer goods such as toothpaste, cleaning agents, and food additives.
LIG Assets has transferred $500,000 to the seller to secure exclusive rights to the entire acreage.
CEO Allan Gillis stated that current regulations require disclosure of material events within four days, which necessitated this announcement even though the transaction remains fluid and more details are forthcoming.
This acquisition represents a significant milestone in LIG Assets' strategic diversification efforts and expands the company's portfolio across agriculture, construction, and industrial markets.
LIG Assets, Inc. is a publicly held global conglomerate (OTCQB: LIGA) focused on strategic acquisition of, and partnerships with, middle-market industrial companies, having generated almost $25 million in deposited revenues since management transitioned in April 2017.
LIG Assets is streamlining operations, leveraging new sales partnerships and joint ventures, pursuing an asset acquisition strategy, targeting positive operational cash flow in 2026, and positioning for potential uplisting to a minimum of QB and/or QX status.
Shareholder/investor inquiries can be directed to LIG Assets, Inc. at telephone: (833) 544-2466 / (833) LIGAHOMES, Facebook @ www.Facebook.com/ligahomes, or Twitter @ the provided link.
Curated from NewMediaWire
