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<br /> <br /> <br /> <br /> <br /> <br />May 2, 2025 <br /> <br /> <br />Harold Lesser <br />CRS LLC <br />64 Hyland Dr Unit B <br />Evergreen, CO 80439 <br /> <br /> <br />Re: Russell Gulch Reclamation Project – File No. M-2025-003 <br />CRS LLC <br /> 110d Hard Rock <br /> Reclamation Application <br /> <br />Dear Harold Lesser: <br /> <br />On May 2, 2025 the Division of Reclamation, Mining and Safety concluded its review of the Hard Rock <br />Reclamation Permit Application submitted to the Division on January 14, 2025. The decision reached by <br />the Division is: Awaiting warranty. The amount of financial warranty set by the Division for this <br />operation is $70,472.00. You must submit a financial warranty in this amount and a performance <br />warranty in order for us to issue a permit. In the event you have requested a financial warranty form, we <br />will provide you with the applicable form. If you have not, please select a type of financial warranty from <br />Rule 4.3, and then contact us so that we can provide you with the appropriate warranty form. We have <br />enclosed a performance warranty form with this letter for your use. <br /> <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT <br />HAS BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL AND <br />PERFORMANCE WARRANTIES. A PERMIT CANNOT BE ISSUED UNTIL WE HAVE <br />VERIFIED THE ADEQUACY OF YOUR FINANCIAL AND PERFORMANCE WARRANTIES. <br /> <br />M-2025-003: Approved Surety and Acreage <br />Reclamation Liability (Required Surety): $70,472.00 <br />Approved Permit Acreage: 4.06 <br />Approved Affected Acreage: 4.06 <br /> <br />If you have any questions, please contact me by telephone at (720) 220-1180, or by email at <br />Leigh.Simmons@state.co.us <br /> <br />Sincerely, <br /> <br />