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<br /> <br />ADVICE OF TRANSFER <br />TO Energy Fuels Nuclear, Inc. <br />1515 Arapahoe Street, Suite 900 <br />Denver, Colorado 80202 <br />Attn: Rich A. Munson <br />Facsimile: (:303) 5950930 <br />Intematiortal Uranium (USA) Corporation <br />Independettoe Plaza, Suite 950 <br />1050 SeventF~nth Street <br />Denver, Colorado 80265 <br />Attn: Earl E. Hcellen <br />FROM: Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Gentlemen: Energy Fuels: Nuclear, inc. ("EFN') has submitted to the Colorado Division of <br />Minerals and Geology ("DMG'~ applications for Transfer of Permit and SuccessionoGOperator by <br />which International Uranium (USA) Corporation ("TUBA") will become the permittee and operator <br />of the following operations: <br />Facile Name: <br />Sunday Mine <br />Carnation Mine <br />St. Jude Mine <br />Topaz Mine <br />West Sunday Mine <br />Permit Number <br />M-77-285 <br />M-77-416 <br />M-78-039-HR <br />M-80-OSSHR <br />M-81-021 <br />DMG has received conies of executed and effective reclamation bonds for the above referenced <br />permits by transmittal letter dated May 5, 1997. I~lease be advised that the review of the <br />applications for Transfer of the referenced Permits and Succession of Operator has been completed <br />and that, upon delivery of [h~e o-rieinal executed and effective reclamation bonds, the transfer and <br />succession of operator shall F>e effective and a Receipt, in the form attached hereto as Exhibit A, <br />will be executed and delivereef to a representative of EfT1 and [USA. <br />Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Dem~er, Colorado 80203 <br />B <br />Title' i~vCts.~z-~2 <br />