Curated News
By: NewsRamp Editorial Staff
June 15, 2026
LIG Assets Acquires 1,132-Acre Brooks Quarry for $151.5M
TLDR
- LIGA adds $151.5M in assets with Brooks Quarry acquisition, boosting long-term shareholder value and financial position.
- LIG Assets acquired 1,132 acres of limestone property via owner financing, with three payments due in 2032, 2038, and 2043.
- Ultra-pure calcium carbonate from the quarry can improve medical products, agriculture, and consumer goods, benefiting health and farming.
- The limestone deposit holds 200 million tons valued at $400M, with potential for toothpaste and antacid production.
Impact - Why it Matters
This acquisition positions LIG Assets as a significant player in the construction aggregates and specialty minerals market. The ultra-pure calcium carbonate potential could impact multiple industries, from healthcare to consumer goods, by providing a domestic source of high-quality raw material. For shareholders, the long-term owner financing and substantial reserves suggest potential for stable value creation. This news matters because it reflects a strategic move into hard assets that can hedge against inflation and supply chain disruptions.
Summary
LIG Assets, Inc. (OTCQB: LIGA) has finalized the acquisition of approximately 1,132 acres of the Brooks Quarry limestone property in Marianna, Florida, through its wholly-owned subsidiary Gold Run, Inc. The company plans to develop the site for construction aggregates and ultra-pure calcium carbonate production. This acquisition adds $151.5 million in mineral and real estate assets to LIGA’s balance sheet, financed through an installment agreement with payments due in 2032, 2038, and 2043. The property contains over 200 million tons of limestone reserves valued at around $400 million, based on historical engineering reports. LIG Assets will produce road base, agricultural lime, and potentially ultra-pure calcium carbonate for medical, industrial, and consumer products. The company is also evaluating its proprietary water treatment technologies for mining operations.
Management emphasizes long-term shareholder value through disciplined acquisitions and responsible asset development. The Brooks Quarry acquisition is a key step in expanding LIGA’s portfolio of hard asset investments. Future updates will include the SK-1300 Technical Report Summary, engineering evaluations, and permitting activities. Forward-looking statements caution about regulatory approvals, market conditions, and other risks.
For more details, visit the original release on NEWMEDIAWIRE. LIG Assets’ website is www.LIGAssets.net.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, LIG Assets Acquires 1,132-Acre Brooks Quarry for $151.5M
