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,~ <br />..• <br />State of Colorado <br />May 1, 1995 <br />Page 2 <br />entities. Energy Fuels, Ltd. ("EFL") is a partner in the: entities <br />that own the Mine. <br />As noted, Energy Fuels, Ltd. ("EFL") has filed for protection <br />under Chapter 11 of the United State Bankruptcy Code. At this <br />time, EFN is unable to report what impact that filing may have on <br />the ongoing funding arrangements for the operation of t:he Sunday <br />Mine. However, interim financing for coats associated with the <br />reclamation permit is beir_g obtained by EFN. <br />EFN hopes to finalize funding arrangements within <br />approximately 30 days, at which time, we will pay the a7inual fee <br />for the Sunday Mine. I can be reached at (303) 623-8317. <br />Since~r"e~ly~", ~~~Q,/)I~ <br />Michelle R. Rehmann <br />Environmental Coordinzitor <br />MRR/pl <br />Attachment <br />cc: Harold R. Roberts <br />Richard A. Munson, Eaq. '" <br />Richard A. Van Horn <br />File <br />