It has long been Idaho Strategic’s philosophy that in order to better predict the future and therefore recognize opportunities, one must begin by understanding and comprehending history. Following the Manhattan Project and the successful production of nuclear weapons in the 1940’s, the United States began a nationwide search for radioactive elements including Uranium and Thorium. The subsequent research led to a competitive race between the two elements in which Thorium lost due to its lack of Plutonium as a waste product. At the time, the Plutonium waste product from Uranium fuelled reactors had value as the U.S. was entering the Cold War and focussed more on building up its nuclear arsenal rather than its low carbon energy production.
Now that the first nuclear era has largely ended, we are witnessing the beginning of the U.S.’ second nuclear era that is more focussed on low carbon energy production in the safest way possible, leading to a renewed interest in Thorium as our country’s preferred source of nuclear fuel. As an Idaho-based company with our country’s best interest in-mind, we have strategically acquired the Lemhi Pass Thorium/REE property in anticipation of the coming demand for both Thorium and REEs. Throughout the 1950s, Lemhi Pass was widely explored for Thorium and is regarded by the Atomic Energy Commission and the USGS as the largest concentration of Thorium resources in the country.