HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

Militia Capital Partners, LP's Holding History (CIK: 0001837496)

Note: Option positions (PUT/CALL) are excluded.

Q3 2025

Shares 14,600 Value ($000) $286 Avg Close $17.18 Range $14.87 - $22.01

Q2 2025

Shares 44,600 Value ($000) $706 Avg Close $15.45 Range $9.25 - $19.71

Q1 2025

Shares 54,600 Value ($000) $670 Avg Close $11.23 Range $8.37 - $13.68

Q4 2024

Shares 22,000 Value ($000) $252 Avg Close $11.17 Range $8.13 - $14.00

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	14,600	$286	$17.18	$14.87 - $22.01
Q2 2025	44,600	$706	$15.45	$9.25 - $19.71
Q1 2025	54,600	$670	$11.23	$8.37 - $13.68
Q4 2024	22,000	$252	$11.17	$8.13 - $14.00