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Pinon Ridge Mining LLC <br />31161 Highway 90, PO Box 825 <br />Nucla, CO 81424 <br />970 - 864 -2125 <br />August 18, 2014 <br />Bob Oswald <br />Environmental Protection Specialist <br />Colorado Department of Natural Resources <br />Division of Reclamation, Mining and Safety <br />691 County Road 233, Unit 2A <br />Durango, Colorado 81301 <br />Dear Mr. Oswald: <br />Re: West Sunday Mine M/1981 /021: Financial Warranty Documentation <br />On August 18, 2014, Pinon Ridge Mining LLC acquired the Sunday Mines Complex assets and operations from <br />Energy Fuels Resources (USA) Inc. The West Sunday Mine is one of five mines that make up the Sunday <br />Mines Complex. <br />Enclosed are the following: <br />Affidavit of Authority to Execute Financial Warranty Documents <br />Financial Warranty: Certificate of Deposit in the amount of $86,155 <br />Proof of Lock/Hold on the Certificate of Deposit Account from Bank <br />Original Certificate <br />Pinon Ridge Mining LLC's address and contact information is as follows. <br />George E. Glasier, President & CEO <br />Pinon Ridge Mining LLC <br />31161 Highway 90, PO Box 825 <br />Nucla, CO 81424 <br />970 - 864 -2125 <br />Please feel free to contact me directly at pinonridge.izlasier @aol.com or at 970 - 864 -2125 with any future <br />correspondence regarding this project. <br />Yours very truly, <br />PINON RIDGE MINING LLC <br />George E. Glasier <br />President and CEO <br />Cc: Colorado Division of Mining, Reclamation, and Safety (Denver Office) <br />James Blair (U.S. Bureau of Land Management, Tres Rios Field Office) <br />D. Frydenlund, F. Filas, J. Massey (Energy Fuels) <br />