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<br /> <br /> <br /> <br /> <br />January 17, 2025 <br /> <br /> <br />Miguel Hamarat <br />Climax Molybdenum Company <br />P.O. Box 68 <br />Empire, CO 80438 <br /> <br /> <br />Re: Climax Molybdenum Company; Henderson Mine - File No. M-1977-342; Surety Increase (SI-5) <br /> <br />Dear Miguel Hamarat: <br /> <br />On January 17, 2025 the Division of Reclamation, Mining and Safety increased the current Financial <br />Warranty for this permit to $271,566,513.00, in accordance with Rule 4.2.1 of the Rules and <br />Regulations. This is an increase of $100,441,260.00. <br /> <br />On January 17, 2025, the Division ordered amendment of the current Financial Warranty or <br />submittal of a new Financial Warranty reflecting the increase, within 60 days. <br /> <br />Please make arrangements with Sara M. Stevenson-Benn at the Division’s Denver office for <br />submittal of the financial warranty. Any other questions regarding completion, execution and/or <br />submittal of financial warranty forms should also be directed to Sara M. Stevenson-Benn by <br />telephone at (303) 866-3567, or by email at Sara.stevenson-benn@state.co.us. <br /> <br />The Permittee for this site may be scheduled for a Formal Board Hearing for possible revocation of <br />the permit if the amount of any increased Financial Warranty has not been provided by March 18, <br />2025. <br /> <br />If you have any questions, please contact me by telephone at (720) 527-1640, or by email at <br />Nikie.gagnon@state.co.us. <br /> <br />Sincerely, <br /> <br />Nikie Gagnon <br />Environmental Protection Specialist <br /> <br />CC: Jared Ebert, Senior EPS, DRMS <br /> <br />M-GR-04