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January 2016 <br />Energy Fuels Coal, Inc. SL -04 Application for Partial Bond Release - Revised 04103116 <br />DETAILED INFORMATION FOR REQUESTED ITEMS <br />1. LIABILTY RELEASE FOR PERMANENT ROAD <br />Phase I, II, and III release of liability is requested for the light -use road to MW -65, which was <br />approved for permanent retention in Minor Revision No. 47. There is no reclamation bond cost <br />associated with with this road because it was approved as permanent. The location of this light -use <br />road is shown on the accompanying Bond Release Map. <br />2. BOND RELEASE FOR PERMANENT WELLS <br />EFCI is requesting a full bond release for costs associated with sealing MW -65 monitoring well and <br />borehole SF -87-09, included in tasks 53 and 53A of the Cost Estimate. MW -65 and SF -87-09 were <br />approved through separate applications for change of ownership (from EFCI to The Corley <br />Company) with the Colorado Division of Water Resources. Documentation of ownership change <br />and permanent retention was submitted to the DRMS as part of revision materials included in <br />Technical Revision No. 43 and Minor Revision No. 69, and both of which were subsequently <br />approved. Locations of the wells are shown on the accompanying Bond Release Map. <br />3. BOND RELEASE FOR RECLAIMED ROAD SEGMENT <br />Phase I, II, and III release of liability is requested for the light -use road segment that ran north <br />("north spur") from the light -use road to MW -NW. This road, approximately 900 ft. in length, was <br />reclaimed by EFCI in 2002. No associated reclamation bond cost was included in the Bond <br />Estimate. This road segment is shown on the accompanying Bond Release Map. <br />4. LIABILTY RELEASE FOR PERMIT AREA <br />Release of liability is requested for the entire mine permit area, encompassing approximately 2713.3 <br />acres, with two areas specifically excluded. The areas excluded are the light -use road to MW -NW, <br />comprising approximately 0.3 acres, and the substation road and pad area, comprising <br />approximately 0.5 acres. The permit boundary and locations of the two excluded areas are shown <br />on the accompanying Bond Release Map. <br />5. BOND RELEASE FOR SEALED WELLS <br />EFCI is requesting a full bond release for costs associated with sealing MW -NW, MW -16, and <br />MW -23 monitoring wells. The three wells are included in task 53 of the Cost Estimate. These wells <br />were sealed in November 2015, and abandonment reports were submitted to the DRMS and <br />Division of Water Resources by letters dated November 30, 2015. Locations of the wells are shown <br />on the accompanying Bond Release Map. <br />Page 6 <br />