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INVENTORY
9 Months Ended
Sep. 30, 2025
INVENTORY  
INVENTORY

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INVENTORY

Inventory is valued at a lower of cost or net realizable value (“NRV”). As of September 30, 2025, and December 31, 2024, coal inventory includes NRV adjustments of $0.1 million and $0.3 million, respectively. During the quarter, as part of the Company’s routine inventory reconciliation process, a downward adjustment of $2.6 million was recorded to coal inventory.