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<br /> <br />1313 Sherman St. Room 215 Denver, CO 80203 P (303) 866-3567 F (303) 832-8106 https://drms.colorado.gov <br />Jared Polis, Governor | Dan Gibbs, Executive Director | Virginia Brannon, Director <br />1313 Sherman St. Room 215 <br />Denver, CO 80203 <br />July 26, 2021 <br /> <br />Basil R. Bear <br />Bowie Resources, LLC <br />P.O. Box 1488 <br />Paonia, CO 81428 <br /> <br /> <br />Re: Bowie No. 1 Mine (Permit No. C-1981-038) <br /> Bond Release Application No. 7 (SL-7) <br /> <br /> <br />Dear Mr. Bear: <br /> <br />In accordance with Rule 3.03.2(5)(b) of the Rules and Regulations of the Colorado Mined Land <br />Reclamation Board for Coal Mining (Rules), you are hereby notified that the Divis ion's decision <br />to approve Bond Release Application No. 7 for the Bowie No. 1 Mine became final on July 24, <br />2021. <br /> <br />Bond Release No. 7 reduces your reclamation liability by ($50,653.84). The current liability is <br />now $2,728,548.49. The Division suggests you provide a copy of this letter (and, for federal <br />operations, copies of the OSM and BLM concurrence letters) to your bonding company for written <br />evidence of approval to reduce your bond. If you choose to reduce or replace your existing bond, <br />it must equal or exceed $2,728,548.49. If this release constitutes a full and final bond release, the <br />Division will return your performance bond to you as soon as possible. <br /> <br />If you have questions or need additional information, please contact me. <br />