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Hallador Energy Co.
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April 2015 Corporate Update
| Brent Bilsland | Page 1 of 11 |
September 11, 2026
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1 x 1 4 x 1.5 2 x 5 1 x 2 0.5 x 0.5 1 x 0.7 x 1.5 2 x 0.5 0.3 x 0.3 HNRG HNRG HNRG HNRG HNRG This document contains “forward-looking statements”— that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects, ” “projects, ” “anticipates, ” “intends, ” “plans, ” “believes, ” “seeks, ” or “will. ” Forward-looking statements by their nature address matters that are, to diff erent degrees, uncertain. For us, particular uncertainties arise from changes in the demand for our coal by the domestic electric generation industry; from legislation and regulations relating to the Clean Air Act and other environmental initiatives; from operational, geological, permit, labor and weather-related factors; from fluctuations in the amount of cash we generate from operations; and from numerous other matters of national, regional and global scale, including those of political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual results to be materially diff erent than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. Oaktown Mine Clean Coal Facilities I Oaktown, Indiana HNRG Table of Contents CEO's Letter Growing Our Interests The Opportunity for Growth Sunrise Coal Safety is Job One Selected Financial Data Summit / Savoy Company Financials Board of Directors and Executive Officers