The addition of our sizeable Lemhi Pass land package is both significant from a land holdings perspective as well as a mineral endowment perspective. It is well-known that Lemhi Pass is regarded as the “largest concentration of Thorium resources in the United States” by the United States Geological Survey (USGS), however Lemhi Pass’ Rare Earth Elements mineral endowment has seen much less attention until IDR acquired the project in May of 2022.
The Company’s Lemhi Pass holdings covers approximately 11,425 acres and is comprised of a mixture of 568 unpatented lode mining claims and 1 State of Idaho mineral lease. The recently acquired Lemhi Pass land package is strategically located approximately 35 miles from the company’s Diamond Creek and Roberts Rare Earth Element holdings and 124 miles from Idaho National Laboratory. IDR has completed a number of sampling programs across its property package and has received Rare Earth Element numbers far exceeding the historically reported findings. The Lemhi Pass project has significant Rare Earth Elements mineralization and potential for expansion.