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~ 1111111111111111111 ~ <br />energy fuels nuclear, inc. <br />/~ ~- <br />three park central • suite 900 <br />1515 arapahoe street • denvar, Colorado 80202 <br />May 1, 1995 <br />RFrEIVED <br />MAY 0 ~ 1995 <br />(303) 623-8317 <br />iwz 910-93 t-2561 <br />iax 303-595-0930 <br />plvision o1 minerals is Geology <br />VIA FAX: (303) 832-8106 <br />ORIGINPI~ SENT BY U.S. MAIL: May 1, ]995 <br />State of Colorado <br />Division of Minerals and Geology <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Re: Annual Report for Permit No. M-77-285, Sunday Mine <br />The purpose of this letter is to transmit the enclosed annual <br />report for Permit No. M-77-285, Sunday Mine, and to request an <br />extension for paying the 1994-1995 annual fee of $550.00. This <br />extension is requested because Energy Fuels Nuclear, Inc. (EFN) is <br />currently developing funding arrangements for continued of>erations <br />because of Chapter 11 bankruptcy filing by several ztffiliate <br />companies. <br />Petitions for Chapter it reorganization under the bankruptcy <br />laws in the federal bankruptcy court for the District of Colorado <br />were filed on February 23, 1995 by the following entities with <br />which EFN has been associated: Oren L. Benton, Nuexco Trading <br />Corporation, Energy Fuels Exploration Corporation, Ener~3Y Fuels <br />Ltd., and CSI Enterprises; Inc. EFN; holder of- the pex~eat.for the <br />Sunday Mine, did not make a filing, and the mine i.s being <br />maintained in accordance with the conditions of the permit. <br />The sole shareholder of EFN is the Energy Fuels Mining Joint <br />Venture ("EFJV"). The owners of the EFJV are First Concord Mining <br />Company, JRA Enterprises, Ltd., and EF Uranium Group, Iiic. The <br />entity that owns the Sunday Mine, the Hanksville-Blanding Limited <br />partnership ("H-B"), is a Delaware limited partnership. EFN, as' <br />operator of the Mine, looks to H-B for funding all costs incurred <br />by EFN for the maintenance and operation of the Mine. In the <br />performance of its duties as operator of the Sunday Mine, EFN does <br />not routinely receive any funding from the CONCORD group of <br />A:WRC05195.Itr <br />