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<br /> <br /> <br /> <br /> <br /> <br />July 14, 2023 <br /> <br /> <br />Miguel Hamarat <br />Climax Molybdenum Company <br />P.O. Box 68 <br />Empire, CO 80438 <br /> <br /> <br />Re: Henderson Mine - File No. M-1977-342 <br /> Climax Molybdenum Company <br /> Amendment (AM-8) <br /> Henderson Reclamation Permit Amendment AM8 <br /> <br />Dear Miguel Hamarat: <br /> <br />On July 14, 2023 the Division of Reclamation, Mining and Safety concluded its review of the <br />Amendment application submitted to the Division on April 17, 2023, addressing the following: <br /> <br />This Amendment (AM8) proposes to increase the Henderson Mill affected land boundary by <br /> 224 acres to allow for the installation of water quality management related infrastructure, including <br /> access roads for new monitoring wells. <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Amendment No. 8 approved by the Division are hereby incorporated into Permit No. M- <br />1977-342. All other conditions and requirements of Permit No. M-1977-342 remain in full force and <br />effect. <br /> <br />The revised liability amount exceeds the financial warranty currently held (see below), please submit <br />additional bond or a rider to your existing bond that equals or exceeds the Revised Liability. The <br />revision will not be final until the bond is approved by the Division. <br /> <br /> <br />Bond Held: $135,204,778.00 <br />Prior Liability: $171,125,253.00 <br />Change in Liability: $0.00 <br />Revised Liability: $171,125,253.00 <br />Prior Permit Acreage: 11,877.50 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 11,877.50