Hallador Energy Company (Nasdaq: HNRG) has released a new investor presentation detailing the company's recent activities and strategic developments. The presentation highlights Hallador's focus on advancing its products up the value chain, with the acquisition of the One-Gigawatt Merom power plant and its interconnection in 2022, enabling the conversion of fuel into wholesale electricity. The company reports active negotiations for long-term Power Purchase Agreements with utilities and data center developers. Sunrise Coal, a subsidiary of Hallador, remains the primary supplier of fuel to the Merom plant and sold 3.9 million tons of coal in FY 2024. For FY 2025, the Merom Power Plant is expected to consume 2.3 million tons of coal from Sunrise and third parties, while Sunrise anticipates selling 2.7 million tons of coal to third parties. Hallador reports a forward contracted sales book of approximately $1.4 billion and notes that lower-priced contracts are set to expire after 2025, presenting an opportunity for margin expansion. The company emphasizes high barriers to entry in a supply-constrained market and ownership of its generator interconnection. You can access the full presentation through the link below. [View Full Presentation](https://docs.publicnow.com/C81333F4CBF9907277EA11B40C6178D8AE00EAC5)