Hallador Energy Signs Exclusive Commitment Agreement with Global Data Center Developer

Core Points - Hallador Energy Company announced a Conversion Transaction Commitment Agreement with a global data center developer, effective January 2, 2025, marking a significant milestone in their collaboration [1][2] - The Agreement grants exclusivity in negotiations for 105 Business Days and includes cumulative payments of up to $5 million to Hallador Power Company, LLC, with specific payment schedules outlined [2][3] - The proposed transaction aims to secure energy and capacity for a potential data center development in Indiana, with expectations to contract the majority of the Company's energy at prices above the forward curve for over a decade [2][3] Company Overview - Hallador Energy Company is a vertically-integrated Independent Power Producer based in Terre Haute, Indiana, operating Hallador Power Company, LLC, which produces electricity at the Merom Generating Station, and Sunrise Coal, LLC, which supplies fuel [4]