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A MMM COLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />February 26, 2016 <br />Energy Fuels Coal, Inc. <br />PO Box 773457 <br />Steamboat Springs, CO 80477 <br />Re: Southfield Mine (Permit No. C-1981-014) <br />Bond Release Application No. 3 (SL -3) <br />Bond No. <br />Dear Sir or Madam: <br />This letter, as required by Rule 3.03.2(5)(a) of the Rules and Regulations, is to inform you that the Division <br />of Reclamation, Mining and Safety has issued a proposed decision to approve Bond Release Application <br />No. 3 for the Southfield Mine. This decision will be published in the Canon City Daily Record as soon as <br />possible. Publication of the notice initiates a thirty (30) day public comment period. If, within thirty days, <br />there are no requests for an adjudicatory hearing, the decision will become final. <br />The Division holds a Cash bond issued by your company ( , for this operation in the <br />amount of $374,709.00. The proposed release amount is ($340,922.00). <br />Please be aware that this notification is not a request to initiate any action by Energy Fuels Coal, Inc. <br />concerning Bond No. and is for your information only. Should Energy Fuels Coal, Inc. choose <br />to take action with regard to this bond release, they will contact you. <br />If you have questions or need additional information, please contact me. <br />Sincerely, <br />Robert D. Zuber, P.E. <br />Environmental Protection Specialist <br />Rob.zuber@state.co.us <br />cc: Jeffrey C. Thompson, DBMS <br />C -SL -17 <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us <br />John W. Hickenlooper, Governor I Mike King, Executive Director I Virginia Brannon, Director <br />