Curated News
By: NewsRamp Editorial Staff
January 21, 2026
LIG Assets Acquires Florida Land for Limestone Mining and Calcium Carbonate Production
TLDR
- 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.
Impact - Why it Matters
This acquisition matters because it signals LIG Assets' strategic expansion into critical industrial and agricultural markets, potentially impacting supply chains for construction materials, agricultural products, and consumer goods. Limestone aggregates are essential for infrastructure projects, while agricultural lime helps optimize soil health for farming. The future production of ultra-pure calcium carbonate could benefit industries ranging from healthcare (through supplements and antacids) to manufacturing (in paper, paint, and consumer products like toothpaste). For investors, this move diversifies LIG Assets' portfolio and aligns with its growth targets, possibly enhancing its market position and revenue streams. In a broader context, it supports regional economic development in Northwest Florida and addresses growing demand for raw materials in various sectors, making it relevant for stakeholders in construction, agriculture, and industrial supply chains.
Summary
LIG Assets, Inc. (OTCQB: LIGA), a publicly held global conglomerate, has announced a definitive agreement to acquire a significant tract of land in Northwest Florida's panhandle for mining operations. This strategic move, which follows a previously disclosed letter of intent, involves a $500,000 payment to secure exclusive rights to the acreage. The company, led by CEO Allan Gillis, is pursuing this acquisition as part of its diversification strategy, expanding into agriculture, construction, and industrial markets. While Gillis noted the transaction remains fluid and more details will follow, regulatory requirements necessitated this timely announcement through platforms like NEWMEDIAWIRE.
The mining property is poised to support production of limestone aggregates for construction materials like road base, along with agricultural lime to reduce soil acidity. Additionally, the site holds future potential for extracting ultra-pure calcium carbonate, a versatile material with applications spanning medical supplements, antacids, paper products, paint, toothpaste, cleaning agents, and food additives. This expansion aligns with LIG Assets' broader goals of streamlining operations, leveraging partnerships, and targeting positive cash flow by 2026, potentially positioning the company for uplisting to higher market tiers.
Since its management transition in April 2017, LIG Assets has generated nearly $25 million in deposited revenues, and this acquisition marks a milestone in its asset-focused growth strategy. The company emphasizes its commitment to middle-market industrial acquisitions and partnerships, as detailed in its corporate communications and filings available on www.newmediawire.com. Investors and stakeholders can follow updates through the company's social media channels and regulatory disclosures, with forward-looking statements cautioning about risks and uncertainties inherent in such ventures.
Source Statement
This curated news summary relied on content disributed by NewMediaWire. Read the original source here, LIG Assets Acquires Florida Land for Limestone Mining and Calcium Carbonate Production
