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R0,(C,Ar" � STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY 06-jr FU- <br />Department of Natural Resources IM )Q <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866 -3567 <br />FAX: (303) 832 -8106 <br />October 21, 2014 <br />COLORADO <br />D I V I S ION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mr. Harold Roberts Mike King <br />Executive Director <br />Energy Fuels Resources (USA) Inc. <br />225 Union Blvd., Ste. 600 Virginia Brannon <br />Director <br />Lakewood, CO 80228 <br />Re: Topaz Mine, Permit M- 1980 - 055 -HR, Succession of Operators Approval, Revision SO -6 <br />Dear Harold Roberts: <br />On October 21, 2014, the Division of Reclamation, Mining and Safety approved the succession of operators <br />from Energy Fuels Resources (USA) Inc. to Pinon Ridge Mining LLC for this operation. Pinon Ridge <br />Mining LLC is now the permitted operator of the Topaz Mine, and as such, is responsible for all provisions <br />in M -1980 - 055 -HR, as well as those specified in the Rules and Regulations. <br />Enclosed are the following bond(s) and the Performance Warranty you originally provided. <br />Bond Type(s) <br />Financial Warranty Corporate Surety on BLM <br />Bond Number(s) Bond Amount(s) <br />1084262 $94,791.00 <br />These have been released as of October 21, 2014 Division approval for the succession of operators. You <br />should advise your bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />Bob Oswald v <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL #7012 3460 0000 6385 0492 <br />Return Receipt Requested <br />Cc: Russ Means, Division of Reclamation, Mining and Safety <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines <br />