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LIG Assets, Inc. announced a second Letter of Intent (LOI) with Kingdom Materials Holdings LLC for a lease purchase of approximately 41 acres in Marianna, Florida, complementing a previous LOI involving a $500,000 payment. This expansion aims to establish a significant mining and processing facility.

The company is advancing three proprietary technologies for environmental remediation: one for clarifying contaminated ponds, another enhancing oxygen and hydrogen levels in water systems, and a third for heavy metal filtration, achieving up to 93% removal rates. These technologies could offer substantial operational and regulatory advantages, prompting discussions with industry operators about pilot programs and potential partnerships.