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�Utevm <br />STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />pD O L O RA D O <br />[ v[ s[ o N o f <br />Denver, Colorado 80203 <br />RE AT 10 <br />Phone: (303) 866 -3567 <br />MIL G <br />FAX: (303) 832 -8106 <br />_ St— <br />SAFETY <br />October 21, 2014 <br />John W. Hickenlooper <br />Governor <br />Mr. Harold Roberts Mike King <br />Energy Fuels Resources (USA) Inc. Executive Director <br />225 Union Blvd., Ste. 600 Virginia Brannon <br />Lakewood, CO 80228 Director <br />Re: Carnation Mine, Permit M- 1977 -416, Succession of Operators Approval, Revision SO -5 <br />Dear Mr. 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 Carnation Mine, and as such, is responsible for all <br />provisions in M- 1977 -416, as well as those specified in the Rules and Regulations. <br />Enclosed are the following bond 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 />1084260 $33,409.00 <br />These have been released as of October 21, 2014 Division approval for the succession of operators. You <br />should advise your insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />t, <br />&6Gt 24,L, <br />Bob Oswald <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL #7012 3460 0000 6385 0638, <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 />