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;i <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman SL, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />fAX: (303) 832-8106 PERFORMA RRAN Y <br />~ (usa> DECEIVED <br />Operator: International Uranium Corpor tion <br />©GT 2 '~ 1999 <br />Operation: Van 4 Shaft <br />;;aision cf Minerals ~ Geok9Y <br />Permit No: M-97-032 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />~~ <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />Bill Owens <br />Governor <br />Greg E- Watcher <br />Executive Director <br />Michael B. Long <br />Division Director <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S., 3432-101 et seq. (the <br />"Act"), as amended, provides that no permit may be issued under the Act until the Mined Land <br />Reclamation Board (the "Board") receives a performance wan r warranties) that is a written <br />promise to comply with all applicable requirements of the Act <br />L(US~1) <br />WHEREAS, International Uranium (;orpo n ( "Permittee"), has applied for a <br />permit to conduct a mining operation known as Van 4 Shafl (the "Operation") on certain lands in <br />Montrose County, Colorado. These lands aze described in the permit application, as amended and <br />supplemented, and aze refereed to herein as the "Affected Lands". <br />WHEREAS, in its application for the permit, the Permittee has agreed to be bound by <br />all requirements of the Act and all applicable rules and regulations of the Boazd, as amended from <br />time to time. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated <br />costs of reclamation with regazd to those affected lands in Montrose County which are now or may <br />become subject to the permit aze those amounts for the stated periods of time as set forth in the <br />financial warranty, which may be amended from time to time to reflect revised estimates of said costs <br />of reclamation. <br />WHEREAS, the Pennittee hereby gives the Board a performance warranty pursuant to <br />Section 3432-117(2) of the Act, and herein promises the Boazd that it will comply with all applicable <br />requirements of the Act with regazd to those Affected Lands. <br />NOW, THEREFORE, the Permittce hereby promises the Boazd that it will comply with <br />all applicable requirements of the Act and rules and regulations of the Boazd with respect to the <br />Affected Lands. <br />FURTHER, the Permittce hereby promises the Boazd that it will comply with all of the <br />terms of the application for a permit, as amended and supplemented, as well as any conditions <br />attached to the permit by the Board. <br />