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COLORADO <br /> Division of Reclamation, <br /> ® Mining and Safety <br /> Department of Natural Resources <br /> May 13,2025 <br /> Garrett C.Varra <br /> Varra Companies,Inc. <br /> 12618 County Road 13 <br /> Longmont,CO 80504 <br /> Re: Varra Companies,Inc.,Varra-Coulson Resource Project-File No.M-2013-064 <br /> Surety Increase(SI-1) <br /> Dear Mr.Varra: <br /> On May 13, 2025,the Division of Reclamation,Mining and Safety increased the current Financial <br /> Warranty for this permit to $443,788.00,in accordance with Rule 4.2.1 of the Rules and Regulations. <br /> This is an increase of$100,788.00. <br /> Please see the March 7,2025 inspection report for details regarding why this surety increase is <br /> required. <br /> On May 13,2025,the Division ordered amendment of the current Financial Warranty or submittal of <br /> a new Financial Warranty reflecting the increase,within 60 days. <br /> Please make arrangements with Sara M. Stevenson-Benn at the Division's Denver office for submittal <br /> of the financial warranty. Any other questions regarding completion,execution and/or submittal of <br /> financial warranty forms should also be directed to Sara M. Stevenson-Berm by telephone at(303) <br /> 866-3567,or by email at Sara.stevenson-benn@state.co.us. <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 July 12,2025. <br /> Bond Held: $343,000.00 <br /> Prior Liability: $343,000.00 <br /> Change in Liability: $100,788.00 <br /> Revised Liability: $443,788.00 <br /> Prior Permit Acreage: 100.63 <br /> Change in Permit Acreage: 0.00 <br /> Revised Permit Acreage: 100.63 <br /> c <br /> Physical Address: 1313 Sherman Street,Room 215,Denver,CO 80203 P 303.866.3567 F 303.832.8106 ice" <br /> *C <br /> hailing Address: DRhiS Room 715, 1001E 62nd Ave,Denver,CO 80216 httpsr/fdrms.colorado.gov k * <br /> Jared S. Polis, Governor I Dan Gibhs,Executive Director I Michael A.Cunningham, Director 3 f87�s <br />