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<br /> <br /> <br /> <br /> <br /> <br />September 18, 2025 <br /> <br /> <br />Richard Coulson <br />Coulson Excavating Company, Inc. <br />3609 North County Road 13 <br />Loveland, CO 80538 <br /> <br /> <br />Re: Kirtright Pit - File No. M-1986-123 <br /> Coulson Excavating Company, Inc. <br /> Amendment (AM-1) <br /> Kirtright Pit Amendment <br /> <br />Dear Richard Coulson: <br /> <br />On September 17, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Amendment application submitted to the Division on February 27, 2024, addressing the following: <br /> <br />Amendment application to expand permit area to the north. <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Amendment No. 1 approved by the Division are hereby incorporated into Permit No. M- <br />1986-123. All other conditions and requirements of Permit No. M-1986-123 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: $58,400.00 <br />Prior Liability: $58,400.00 <br />Change in Liability: $66,395.00 <br />Revised Liability: $124,795.00 <br />Prior Permit Acreage: 77.97 <br />Change in Permit Acreage: 19.42 <br />Revised Permit Acreage: 97.39 <br />Prior Affected Acreage: 77.17 <br />Change in Affected Acreage: -25.33