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HALLADOR ENERGY CO

For the period ended Dec 31, 2025. Filed Mar 12, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 12, 2026

HNRG$10.59+4.9%Stored close · as of Nov 9, 2026

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PART III

Pursuant to paragraph 3 of General Instruction G to Form 10-K, the information required by Items 10 through 14 of Part III of this Report is incorporated by reference from our definitive proxy statement, which is to be filed pursuant to Regulation 14A within 120 days after the end of our fiscal year ended December 31, 2025.

The Company has adopted a Code of Ethics for Senior Officers that applies to its chief executive officer, chief

financial officer, and other financial executives. A copy of the Company’s Code of Ethics for Senior Officers is

filed as Exhibit 14.1 to this Annual Report on Form 10-K.

The Company’s Insider Trading Policy governing, among other things, the purchase, sale, and/or other

disposition of its securities by directors, officers and employees of the Company is reasonably designed to

promote compliance with insider trading laws, rules and regulations, and Nasdaq listing standards. This policy is

included as Exhibit 19.1 to this Annual Report on Form 10-K.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.