Hallador Energy (HNRG) shares were up nearly 7% in recent trading Tuesday after it said Hallador Power has entered into an exclusive energy supply negotiation agreement with a data center developer.

The conversion transaction commitment agreement that took effect on Jan. 2 involves energy support for a potential data center project in Indiana, the company said, without identifying the developer.

The agreement grants the counterparty an exclusive negotiation period of 105 days, with total payments of up to $5 million to Hallador Power if pre-transaction conditions were not fulfilled within such period, Hallador said.

Price: 12.22, Change: +0.77, Percent Change: +6.72