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All . r ' COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Departure,t of Natural Resources <br /> 1313 Sherman Street, Room 215 <br /> Denver,CO 80203 <br /> DATE: August 18, 2016 <br /> ,/TO: Kevin M. Cassidy <br /> Seaglass Holding Corp. <br /> Dba: US Rare Earths <br /> 5600 Tennyson Parkway, Suite 240 <br /> Plano,TX 75024 <br /> RE: Findings of Fact,Conclusions of Law and Order <br /> Powderhorn Project Exploration Drilling Program <br /> File No. P-2011-024,PV-2016-091 <br /> v i/ <br /> On August 18, 2016, the Mined Land Reclamation Board signed the enclosed Board Ord the above <br /> captioned operation. We strongly advise that you read this document carefully. The Board orders that <br /> Permit P-2011-024 is REVOKED. <br /> The Board finds the financial warranty for Permit number P-2011-024 is subject to forfeiture. <br /> Sin rely AfkvoL <br /> , <br /> ohnie Abad <br /> Board Secretary <br /> Enclosure(s) <br /> Certified Mail <br /> 7014 2120 0001 7869 5298 <br /> Cc's <br /> Dustin Czapla <br /> Russ Means <br /> Scottie Tate <br /> John Roberts <br /> L• <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. H;ckentaoper. Governor j Robert W. Randall, Executive Director Virginia Branron Director „ t <br />