The addition of our sizeable Lemhi Pass land package not only compliments our nationally ranked ‘Technology Metals’ Rare Earth Element (REE) holdings; by adding this well-known and equally important Thorium land package to our portfolio, the Company’s entrance into the ‘Energy Metals’ sector has been realized and a major U.S. Thorium/REE area is secured. Management at IDR operates with a multi-generational perspective – and the Idaho base of people, real estate, Gold production, technology metals (REEs) and energy metals (Thorium) is now complete.
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’s (INL) Advanced Test Reactor (ATR). The Lemhi Pass area is well-known as the largest concentration of Thorium resources in the United States, per the USGS, and holds significant Rare Earth Element mineralization and potential for expansion.