Development of the hot springs began in earnest after a British medical journal suggested, and a 1914 chemical analysis by McGill University confirmed, the presence of radium within the water.
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The Paint Pots are an acidic, cold water, mineral spring system from which ochre is deposited at spring outlets. The minerals are principally iron oxide which produces the water and mud's reddish colour but other similar minerals can also be present and vary the colours to include various shades of yellow, red and brown. The acidic, metal-rich water has limited capacity to support living species, but at least 14 species of algae, one liverwort and one moss species, as well as some extremophilic bacteria, have been identified living in those waters. The ochre was collected by the Ktunaxa people for use as pigments and the iron oxide was commercially mined for use in paint manufacturing for nearly two decades until the park was established in 1920.