Hallador Energy Advances Expansion into Natural Gas Power Generation through ERAS Application

About this update from Hallador Energy Company

[{"type":"text","content":"TERRE HAUTE, Ind., Dec. 16, 2025 (GLOBE NEWSWIRE) -- Hallador Energy Company (Nasdaq: HNRG) (“Hallador” or the “Company”) today announced that the Company has finalized its application into the Expedited Resource Addition Study (ERAS) program and has made deposits totaling approximately $13 million as required under the application process. The application provides an expedited pathway for up to 515 MW of natural gas generation adjacent to Hallador’s Merom Generating Station. “Finalizing our application represents a meaningful step forward in our plans to add power generation at the Merom site,” said Brent Bilsland, President and Chief Executive Officer. “With each additional milestone achieved through the ERAS program, we move closer to expanding the range of customers and end-markets we can serve within the high demand energy sector. In parallel, we are taking prudent steps to position ourselves to advance development activities while the application is under review.” Hallador is also evaluating financing options and expects to secure generating infrastructure while the ERAS application is under review. To prepare for these ERAS project development efforts, the Company filed a prospectus supplement to its existing shelf registration statement to raise up to $50 million of common stock under its existing ATM program. Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the \"Securities Act\"), and Section 21E of the Securities Exchange Act of 1934, as amended (the \"Exchange Act\"). Statements that are not strictly historical statements constitute forward-looking statements and may often, but not always, be identified by the use of such words such as \"expects,\" \"believes,\" \"intends,\" \"anticipates,\" \"plans,\" \"estimates,\" \"guidance,\" \"target,\" \"potential,\" \"possible,\" or \"probable\" or statements that certain actions, events or results \"may,\" \"will,\" \"should,\" or \"could\" be taken, occur or be achieved. Forward-looking statements include, without limitation, those relating to our ability to participate in the ERAS program (which requires acceptance of our application by ERAS) and achieve the expected benefits thereof. Forward-looking statements are based on current expectations and assumptions and analys...

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