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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> Department of Natural Resources <br /> March 25, 2024 <br /> Erik Estrada <br /> CEMEX, Inc. <br /> P.O. Box 529 <br /> Lyons, CO 80540 <br /> RE: Financial Warranty Increase, Revision No. SI-4, Lyons Quarry, Permit No. M-1977-208, <br /> Dear Mr. Estrada, <br /> On March 25, 2024 the Division of Reclamation, Mining and Safety (Division/DRMS) increased the <br /> current Financial Warranty for the Lyons Quarry (M-1977-208) to $21,288,785.00, in accordance with <br /> Rule 4.2.1 of the Mineral Rules and Regulations for the Extraction of Construction Materials. This is an <br /> increase of$9,691,473.00 from the currently held amount of$11,597,312.00. <br /> The surety increase is based on the Operator's Table 1 of the Reclamation Cost Estimate Adequacy <br /> Review Response No. 2 dated March 18, 2024. The Division is continuing to review those responses and <br /> is conducting an internal reclamation cost estimate for the site. The Division will follow-up, as needed, <br /> with any additional questions or clarifications. <br /> The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial <br /> Warranty reflecting the increase, is due within sixty (60) days from the date of this letter, May 24, 2024. <br /> Failure to post the additional required Financial Warranty within sixty (60) days may result in the <br /> Division pursuing enforcement actions. <br /> Please make arrangements with Sara Stevenson-Benn at the Division's Denver office for submittal of <br /> the financial warranty. Any other questions regarding completion, execution and/or submittal of <br /> financial warranty forms should also be directed to Sara. Her phone number is 303-866-3567 or by <br /> email at sara.stevenson-benn(@state.co.us. <br /> If you need additional information or have any questions, please contact me by telephone at <br /> 303-866-3567 x8114, or by email at patrick.lennberg@state.co.us. <br /> OF COlO <br /> 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 https://drms.colorado.,ov/ <br /> Jared Polis, Governor Dan Gibbs, Executive Director Michael A. Cunningham, Director I y �\ O <br /> *1876�` <br />