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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />June 16, 2009 / <br />6;??-j <br />"Cavo <br />JUN 19 2009 <br />Brent Kramer f D} OSA of Rec6W8U0*• <br />Energy Fuels Resources Corporation 4MINI xJand SdOtY <br />P.O. Box 888 <br />Nucla, CO 81424 <br />Re: DOE Lease, Notice of Intent (NOI) P-2009-014, Notice Approval. <br />Dear Mr. Kramer, <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />The Division of Reclamation, Mining and Safety (DRMS) finished the review of Energy Fuels application <br />for the above referenced Notice of Intent. All application issues appear to have been addressed to <br />meet the minimum requirements of the Rules and Act. Therefore staff is pleased to inform Energy <br />Fuels that the DOE Lease project is approved. <br />Staff has calculated the liability to be $2,550.00 which is below the $5000.00 warranty held by the <br />Department of Energy (DOE). Per Rule 4.2.1(6) when mining on federal land and the land management <br />agency requires a financial warranty be posted the amount posted to the state shall be the difference <br />between the amount required by the agency and the state or a minimum of $100.00. Therefore <br />Energy Fuels has posted with DRMS a $100.00 bond as required under Statewide Bond # K07346323. <br />DRMS will need proof from Energy Fuels that the $5000.00 warranty is posted with DOE prior to any <br />disturbance on site. <br />If you need additional information, please contact me at the Division of Reclamation, Mining and <br />Safety, Grand Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, <br />telephone no. 970.241.1117. <br />Sincerely,' <br />f / <br />G. Russell Means <br />Environmental Protection Specialist <br />Cc: Ed Cotter, Department of Energy, Grand Junction Office <br />Rob Ernst, BLM Uncompahgre Field Office <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines