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<br /> <br /> <br /> <br /> <br /> <br />September 26, 2025 <br /> <br /> <br />Eric Leigh <br />Monarch Mountain Minerals and Aggregates, LLC <br />5 Concourse Pkwy Suite 1900 <br />Atlanta, GA 30328 <br /> <br /> <br />Re: Monarch DENM Mine - File No. M-2022-009 <br /> Monarch Mountain Minerals and Aggregates, LLC <br /> Technical Revision (TR-3) <br /> Update Cell Mining Sequence <br /> <br />Dear Eric Leigh: <br /> <br />On September 26, 2025 the Division of Reclamation, Mining and Safety concluded its review of the <br />Technical Revision application submitted to the Division on August 28, 2025, addressing the <br />following: <br /> <br />Revise the cell mining sequence to begin mining below the groundwater table beginning with Cell 4 <br />rather than Cell 1. Once Cell 4 mining is complete then the Operator will resume the original mining <br />sequence beginning with Cell 1. <br /> <br />The decision reached by the Division is: approve. <br /> <br />The terms of Technical Revision No. 3 approved by the Division are hereby incorporated into Permit <br />No. M-2022-009. All other conditions and requirements of Permit No. M-2022-009 remain in full <br />force and effect. <br /> <br /> <br />Bond Held: $4,303,166.27 <br />Prior Liability: $4,303,166.27 <br />Change in Liability: $0.00 <br />Revised Liability: $4,303,166.27 <br />Prior Permit Acreage: 545.90 <br />Change in Permit Acreage: 0.00 <br />Revised Permit Acreage: 545.90 <br />Prior Affected Acreage: 545.90 <br />Change in Affected Acreage: 0.00 <br />Revised Affected Acreage: 545.90