Marianna, Florida - February 19, 2026 - Lig Assets, Inc. ($LIGA) has announced a significant strategic advancement in its mining and environmental remediation platform. This includes the signing of a second Letter of Intent (LOI) through its affiliate, Gold Run, Inc., and the ongoing development of proprietary remediation technologies that management believes could revolutionize traditional land and water reclamation methods.
The newly executed, non-binding LOI is between Gold Run, Inc. (Buyer) and Kingdom Materials Holdings LLC (Seller) for a proposed lease purchase agreement involving approximately 41 acres located at 3333 Valley View Road, Marianna, Florida (Parcel No. 295N10000000700020), commonly referred to as the 41 Acre Parcel. This property is strategically situated adjacent to the Brooks Quarry property, which encompasses around 1,132 acres.
This LOI marks LIG's second mining-related transaction currently in progress. The Company’s first LOI, which is binding, involved a $500,000 payment to the seller and has produced highly favorable testing and due diligence results. The second LOI further enhances the Company’s capability to establish what management believes could evolve into a significant new mining and processing facility.
A Strategic Pivot Years in the Making
LIG's foray into mining was not incidental; it stemmed directly from years of investments in sustainable environmental technologies aimed at addressing some of the most persistent and costly challenges faced by agriculture, municipalities, and mining operators globally.
Over several years of development, field testing, and refinement, LIG has advanced three independent but highly complementary technologies that, when implemented together, create an integrated remediation platform.
1. Rapid Water Clarification - Chemical-Free
The first technology has shown the capability to clarify contaminated ponds and slurry pits within approximately 28 to 35 days in controlled testing environments, all without chemical additives. For mine operators facing environmental violations, suspended operations, or increasing remediation costs, accelerated clarity and detoxification timelines could offer significant operational and regulatory advantages.
2. Oxygen & Hydrogen Enhancement - Turning Liability into Opportunity
The second technology boosts dissolved oxygen and hydrogen levels in water systems. Controlled tests have indicated that certain oxidation reactions, including the conversion of arsenic to arsenate, have been observed. In oilfield-related wastewater applications, preliminary testing suggests the potential recovery of up to approximately 12% of hydrocarbons from certain waste streams, depending on site-specific variables.
Management believes this dual impact—environmental remediation coupled with potential hydrocarbon recovery—could substantially enhance the economics of oilfield and mining wastewater management.
3. Advanced Heavy Metal Filtration
The third technology features 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 is one of the most expensive and complex regulatory challenges in mining operations. Management is confident that scalable implementation of this filtration technology could significantly decrease remediation timelines and related compliance risks.
Environmental Compliance + Profitability = Industry Disruption
Mining companies across the United States and globally are grappling with escalating environmental regulations, potential fines running into millions of dollars, long-term reclamation liabilities, and increasing pressure from regulators, investors, and ESG-focused stakeholders.
Management believes that LIG's integrated technology platform offers a rare alignment of interests, including potential incremental revenue from resource recovery and improved public and regulatory positioning.
Thanks to multi-year testing efforts, slurry pit operators—from agricultural producers to mining and oilfield operators—have begun discussions regarding pilot programs and potential remediation partnerships. Some discussions have even explored not just remediation services but also potential joint venture or equity participation models related to site development and resource processing. However, no definitive agreements have been finalized to date.
The Company acknowledges that prior public disclosures have been cautious and limited. This discretion has been intentional, as LIG has been actively negotiating mining transactions and assessing long-term structural partnerships.
A comprehensive strategic update is anticipated in March, which will detail:
- The broader mining acquisition and development roadmap
- Progress on both LOIs and other ongoing deals
- Potential operational buildout plans
- The introduction of an experienced mining executive management team with established industry relationships
As of the date of this release, no employment agreements have been finalized.
Management believes that the convergence of strategic mining asset acquisitions, proprietary environmental remediation technologies, potential resource recovery enhancements, and growing regulatory pressure on operators creates a significant opportunity for Lig Assets, Inc. and its shareholders.
While there is still substantial work ahead—including definitive agreements, regulatory approvals, financing, engineering validation, and commercial scaling—management is optimistic that the foundation laid thus far positions the Company for a transformative growth phase.
Lig Assets, Inc. is a publicly held global conglomerate focused on the strategic acquisition of and partnerships with middle-market industrial companies. Since the management transition in April 2017, LIGA has successfully generated nearly $25 million in deposited revenues and looks forward to this new chapter. The Company is streamlining operations, leveraging new sales partnerships and joint ventures, pursuing an asset acquisition strategy, and targeting positive operational cash flow in 2026, all while positioning itself for potential uplisting to a minimum of QB and/or QX status.
For further information, shareholder or investor inquiries can be directed to:
Telephone: (833) 544-2466 / (833) LIGAHOMES
Facebook: www.Facebook.com/ligahomes
X.com (formerly Twitter): https://x.com/ligassets
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, those regarding potential mining acquisitions, lease purchase agreements, and anticipated strategic updates.
For more information on LIG Assets, visit insideticker.com/ticker/LIGA.