---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000046"
form_type: "8-K"
ticker: "HNRG"
cik: "0000788965"
company_name: "HALLADOR ENERGY CO"
filed_at: "2025-01-07T23:59:59+00:00"
generated_at: "2026-05-28T09:33:12.827444+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hallador signs exclusive data center commitment agreement; up to $5M milestone payments

## Summary
- Entered exclusive 105-business-day commitment agreement with leading global data center developer for potential Indiana project.
- Cumulative payments up to $5M to Hallador: $1M in Jan, $2M in Mar, $2M in Jun if conditions not met.
- If definitive agreements signed, expects to contract majority of energy at prices above forward curve for >10 years.
- Agreement follows non-binding term sheet from Q3 2024; CEO highlights legitimacy and progress.
- Completion subject to finalizing definitive agreements; no assurance of consummation.

## SEC filing metadata
- accession: 0001558370-25-000046
- form_type: 8-K
- ticker: HNRG
- cik: 0000788965
- company_name: HALLADOR ENERGY CO
- filed_at: 2025-01-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/788965/000155837025000046/0001558370-25-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/788965/000155837025000046/hnrg-20250102x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000046
- JSON: https://secwatch.observer/filing/0001558370-25-000046.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.