Intrepid Evaluates Offers on Gold Property to Accelerate Development of Alternate Fuel Plants
Intrepid Technology and Resources, Inc. (IESV) announced today that they have received multiple offers from recognized buyers on their Montana gold property located near the ghost town of Garnet in southwestern Montana.
This sale will allow ITR to appreciably escalate their build out of anaerobic digester plants in southern Idaho and will result in accelerating the expansion of the nearly completed Whiteside refinery and allow construction to begin on the second methane refinery as early as the end of 2004. The sale of the Garnet mine will have a substantial and materially significant effect on ITR's ability to become a leader in the burgeoning alternate fuels industry. [ more ]