20210929_Bond_Cancellation_letter_67-67

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ROY COOPER
Governor ,n
ELIZABETH S.BISER
Secretary
BRIAN WRENN NORTH CAROLINA
Director Environmental Quality
September 30, 2021
CERTIFIED MAIL
RETURN RECEIPT REQUESTED
BOND CANCELLATION&FORFEITURE NOTICE
7016 2140 0000 4368 3742 7016 2140 0000 4368 3759
Dr. Gene Taylor Tassie Curlings
Coastal River Investments,LLC First-Citizens Bank&Trust Company
947 Riggs Road 100 East Tryon Road
Hubert,NC 28539 Raleigh,NC 27603
RE: Coastal River Investments Mine
Permit No. 67-67
Onslow County
White Oak River Basin
Dear Dr. Taylor and Ms. Curlings:
This office has received notification of First Citizens Bank's intent to cancel Coastal River Investments, LLC's
$39,900.00 mine reclamation bond (Irrevocable Standby Letter of Credit No. SB92857). The effective date for
cancellation of this bond is December 3, 2021.
Please note that if the bond is not reinstated or replaced by October 29, 2021, the mining permit will be
automatically revoked(N.C.G.S. §74-50(c)). Thus, all mining activities must cease, and the entire mine site must
be completely reclaimed. Should any further mining activities occur at the site after this date, such activities will
be considered mining without a permit and subject to further enforcement action, such as civil penalties and
injunctive relief.
As a surety is required to maintain the validity of the mining permit, please arrange to substitute this bond. I am
enclosing another surety form, an assignment of savings account form and an irrevocable standby letter of credit
form, any of which may be used to replace the existing surety. The name on the security must be the same as the
name appearing on the application for a mining permit,i.e.,Coastal River Investments,LLC.
and Iattd Reourm
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CERTIFIED MAIL
Dr. Taylor and Ms. Curlings
Page 2
Please be advised that this reclamation bond must remain in full force and effect until it is reinstated or replaced,or
the site is completely reclaimed and deemed releasable by the Department. A review of our records indicates that
the mining permit for the above referenced mine site is still active and,therefore, a valid mine reclamation bond is
still required until all outstanding reclamation obligations have been met at the site.
If a substitute reclamation bond is not received by this office within this deadline, or if reclamation of the site has
not commenced and is proceeding in a timely manner by this deadline,this matter will be referred to the Attorney
General's Office for initiation of bond forfeiture proceedings under N.C.G.S. §74-56(d)to ensure proper reclamation
of the mine site. In addition,failure to address the terms of this Notice may result in the assessment of civil penalties
and/or injunctive relief against the permittee.
Please contact me at(919)707-9220 as soon as possible to convey your intentions in this matter. Your cooperation
will be greatly appreciated.
Sincerely,
Adam Parr, PE
Assistant State Mining Engineer
Enclosures: Bond Cancellation Notice
Bond Forms
cc: Mr. Dan Sams,PE
Ms. Carolyn McLain,Esq.,Attorney General's Office

First
Citizens
Bank
September 27, 2021
Beneficiary:
State of North Carolina
Department of Environmental and Natural Resources
1612 Mail Service Center
Raleigh, NC 27699-1612
RE: Our Irrevocable Standby Letter of Credit No.: SB92857
For the account of Coastal River Investments LLC
Amount: $39,900.00
Ladies and Gentlemen:
Please be advised that we have elected not to extend the above-referenced
Letter of Credit at this time; consequently, it will expire on its current
expiration date of December 3, 2021.
First-Citize',9Bank & Trust Company
t Cts-� CuZ"I'r
Authorized Signat
RECEIVED
SEP 2 9 2011
LAND QUALITY
MINING PROGRAM
First-Citizens Bank&Trust Company, International Banking Services-DAC44, 100 East Tryon Road, Raleigh, NC 27603 USA
SWIFT: FCBTUS33, Telephone [phone],Telefacsimile 919.772.1037