Exhibit 99.2 Nasdaq: $HDRN Second Quarter 2026 ot retteL sredlohkcotS er -wate lightyment of 10 MWcial deplo. CommerFirst quaryer as a public compant .ederal installations, and industryers, for data centors feactormicr Hadron Energy, Inc. · Nasdaq: $HDRNQ2 2026


The letter Part 01The letter ,sredlohkcotS wolleF raeD irnu fahsTram620 2 fok e flafh tsdamental inflection poin tsro actee rrat-wir ltohgef nvooruteaglri spy ty aprhTe haw i gunuietbs irlo dcno lppmoe etclW .ygon ernEdaH rorfw- MoMfRl roos f yn eruedwa arosrkwemarf elbarova fdna re aw-totbecome t qadsaNi lhilu sd egdbaprttrhfyeltc ioahc sppa rn’ocd,i iaigeienlecfceeHu qnetofsnnbpycl ras gnte eruhnoed srt, yrMo(n aRpMm oc)eactolmru rdaomicrr egncsit eeesdl .l iThntiddeakes i rd-ncrle etaaoct r icacdetli,ser umcaeingdhp tareeiraednelseginntdnead hevihe eacvea hw sserogt shigigtlhhp ehr gnilppiiw nee oced rnga aorgltuean,sdad veao ntil mseyr rtoc ginmohe he batsfes leidvha enni wgoitisegic portats esmrtoopM .si yntme ,wdpoe omreltnatlniu easttcpo otfly8tn 1mo.sh ac endtis gocnk nd eoruis advomahpet rfh ofntinu etoc tnegdene hn ratcS ilbuPgnitsidL tnemy.ilopaecd l emcroom eondgrtis ctear zitaaaptiloinC et laeHo h ializcder:m cmoorarwriggithay tsefsOu stratr i nb uouistdaonri bsmnosceeetel mocp, w202 y6Ma nI n evonei ut t dhaobr es in ptaswhiMi R0 1c ha WsMM twiG h adarsan gqiodtinCn gNageb dna .proC 7lataip ohuylgted topear eea rp htsvo tsrectaa ahth rerwat-ihgtl AD msbls o ,tHeRr N.yt rednufirst pl eicly hubkciet h ,idnlc aiurtsyc dna yvremmoN.a.S eat srinUhe 0y 7 rbo 1$t3 ea desiau ,wym RocpaM reMn-wtatlrdh datieg ors aetcnrcalc ue lirafo ig10ne s0e%ntt mc me eh4o9rrepr tan ics obld.o gtereedotseiwc hz ss yiopteu rqg ni roillinm o l n aiHsosh er e.TadHny i t edtaSth eniUtdaoeinsdalttl negtlohetnr ionuara eop ts or u plidt ailb eh aTstcsehnaas acili endbtyafed ilatneeza ni dc rcabraitbfeo tidesnedg clsradl-osoitadnuow a fn ob ,noitadnuoitl dufhe f stt .i s Ir-optsanrneytmeh dpol cificeps eeis otb aelttckrut etraeleccana ,noitazinagd gniroenigneer chable nraelcu tapsid ni pag tetliol f tstMrMi Rfek arhm aesr yo e tudi cnennoituw rxd eaopmatcoiaailnirz commer citielis, milirata sleiir,trsaunf d ba esy,sat onrc adet rfewop nue.oddf being fo tmeu nmiatdioecs ,o ntmoeon-crii hil smtriscaer .rew eoperc rbfa-,noecntadid-tnlomss n,imariipfa eg niop The half in three numbers M13$$2.22M15 Gross equity proceeds ta Cash and cash equivalents ta Public announcements in the closing, with zero debtJune 30, 2026first half of 2026 Hadron Energy · Letter to Stockholders · Q2 202602


The letter · Leadership The letter, continued ssenidaeR lanoitazinagrO dna pihsredaeL am has eeplosissarll. aterpd errudc adspohe ieO-hrational and financial l ewruiqeaio tsrnyepo rnapmoc Pilbuc emos fo tswl a si i,leb o6202 otri pro emap cltaentoixof r e foBgnidli.ouufengtehden signiftnacirtsy22nf H016 io l :reaar t syihsf oedam e’evws eihr euveitcoE dna rxtce ericigDtarts cW rEiisliamlanvn aenaCK Executive Vice President of EngineeringChief Operations Officer e vituceemE asxa to nimjcus oWi n eisjat h staEdrill deHrahitewfrp reciOfO snoits Chief ah 40 no’disraH na vnCaane K , rewoaPrreyoso lOuOfCivT e,ngeei prsenE fo tnediignrr eciVPalentfpo snrla eaucrgy 15+ yincludin gneeaeris rny rode tegulatee Nc fuilrrsRth aysion immoC ssruce eh eehrwercnind ftpder,seeuailngci x ehopilhe +M002$ e aopisenrot ro ctaeum siaR rtNer’worrPaeor Titf emr(ricRnCt)u tCoo nPsNl0rnbdm o>o$a5 aMg aglome ptlnpervdor ecaeto Ric inMVrcie ine,ngnngenegiian r ps snoitaep +000son operr,i1ge lni heldawrpxeoi twrta ehvtini es &DorpRgen ciniotIPl iEoR .tSto raatf i h sno oHrdaor s ib cEtirs.ganrireltgauf yaflsn,phycanu pr adian ,diliytaileb rnktsmeitann eagm,eslrns tiyeaqauyiep m,sfa or teacr decanvda dna )RMorS( tcae luradom-llams tnaiingisfcr lanoraihaom.tecgnfsntra ila ced rncaoetmmrepxk-omargh uo-tgoeg oitnm sedhrerf tis mynte.deplo a nrBiArnhotlJsnneeoth nrsiCsa Director of Reactor SystemsDirector of Licensing & Quality Assurance Br aniAd na emsosyS rttcaefroRo ect isrD’onrdaH sr tlohniJf rooetcrD si’nosHe esnda nrirhs CosatinLis n ig&encQuali yt repx ei ngcnliSsdna ngised ReMtt wi h3sso ascar rey 0Aroxprelgetuay e orrecattsei .orsrneuctw isafi nnmtisigria hcc WBNuSca e,lX-exrp olaH dMa ,M. He is an eRnxttie n nTtr oeDer aphrman marega ogfd earsp Hre se montf tev idk-n-n.Biniegn grian e era-of iRa iaMdSn oetnsetsinrefgdng rs’(s ODEgyeEnr’)a dnam togra seh r PtnempolevrouegltaR Dey d teC Dessgn Ir&iCe ehvihcttiaa noiaf cdine’elacSeN dutuarohegneesri vroualegtyl o,edars grma’oPror cetaorMEiDOr c t ,smeosyst slc lircta ehi lafntSR cor oMvo isprat rCfRpNn sgrnsoi aett,ceanprslcuriorfumangatlue y anatt,r noid osr.tcaearc liremmoc rocdefeten lirps egncin ecnexrepie evsinetxesnth opml aan pleees H.ved ygoloehcnt twih NA-Qcrat nek voron mraps gaa dast ipq seaclnua yu1rr gnipolevsaed odnrltugeaaoeitanln rrtni gnidagne groecr , noissimm yteoCr toaa dhiaaanr SNfnCeulec fgnitiarn .ro Ree cCpNsdntiifilaeutime as a q vienstxdwio mctenibhe or ineS ,gnireedignE sciluarnyH lamrehT lapicering Prinvoc sreenigne eacitirc dltiurecr osle avha eWFme sltsdui ysS gn i nn,ePnrcipiEgeral Mechanical Engineering,iL, gnireenignE sloe tnt u&n aCnomnrtsrIietdaoL, gniefreling Engineeuea Rd ili.btiesapac gnisnecil dna ngised sprxen’ongetcaleh neicadrH dnapxnhor utets or rinnde nMaeihecnngaEti agcle dnatesi .Tphst idehsfo, rlhepa decombined wit iD hrAKvait zn aretea unnpdeiclrottsi vyxman,aC deeirn ah cuteviExs n’oHd r saa roed fqureiorxyrti tgeluapem lcoyt eccnan daoighierr lrvigta teho natn oos doarHitisop ,srnperxtece doi fdr onst theboa r nemyt.scossulec udlepf Hadron Energy · Letter to Stockholders · Q2 202603


The letter · Regulatory The letter, continued :gniksiR-eD yrotalugeR senotseliM CRN or teacr dnaecs ta livnnnid ianhgi tcoo bds tnraevorppaNCR aireaneiirsCl pncgtiirDed our P imbts eutw ,2062 lirpA nI e-rep dtrpii ierozve ah e,wrofeiazatlicon. Theircomremto peeatpr baCssRs i.oeN s lT urmusoi nseethbhiishihwt isw tnggpeaiiatnn eompetacl htulp lemgu hoithR eNt Chryme .tneldcpi loaco rremmokro frwme aeftyfas dna lainhcect ,teedCn Nas sf iRu fhsalif at euscscsful filings. In June 2026 ,t ebsssiehm unsoisDPAgetoihr wte htdQe pcceehta T r gomaPer cnarussA ytilauQvruo gni oprpai,taulan ovytee fasrevi nNg tRyer laCnoc ne ssirgonbtps alseuirt tnesarper cel ein01 rednu snoitacilppa gniso furtru)APfD psr(t iDcnQoeiilbaceecwakpi glnaiesvnge.elib rede, arocenat ngigneetm sd a cMietni rRcM raa l-taw CPRraFio grhltsiff ats s5i2 . iThtr aes etarc DPA edQcht.Tee ac pt roue rdtnshi oenfyselimt nr aicgt,uai,ruiedsnfgn enm gvokoc rwu i edyqraatmlfeettv c nae nocprte,mionoosci sedrcamtiisoonisg,t natnnduha tw eulaiptvid gnicudeclicensing applicat ons, reiutuf ri ecennerefr .ewvierRN C The Hadron licensing pathway yot apnhwaaHdr Pre-applictaion in progressLicensing applictaionManuacfture and test First of a kind tneusbq sueon,rdaH Subsequent applictaionManuacfture Nth of a kind Today+1 year+2 years+3 years+4 years eegqa oensstcsf gcnei senuileitulvtslarI;lanesettudimht . c mmeon dnaelacs oc o totn Completed to dateTechnology Advancement and Intellectual Property edbtmSitu NCRLero ettf Intent ,t ehy62 02nI aMUkam darera tT ndnetaP .S.Offi ec edtiubmtS orguetlaRy Egnaegm etnPanl ,ieiplnptantctia toruo deis t uprhtsaiplbfled ‘ alger nIotcMri .oracte erlaRcuN’o fs itnced noem eppa ehTsribtsaeceill Ogonnig Paelip-prcotia nmegsinet n aedrutectichraeless v-esesrutap rlgerih ent ettporsarnaettinhe rele coa nattiotfbigurnfidf thaH ola nats, ousailuied v eteyslaF ifna Qluay tiAansusrc ePargorm 2026enu Jlisbatme tneslamrohasr km noit ulcign. Thipabdietssfhe eDscitrionp opreuic p lvidebspr lautcelle uftoio rnoorp yt iorapo ldnft dAl,eri 202p6imbuSttoai.tnvoin of ouralitign inno ddaesv Pnirce airCDerl stinpgiia peraeptwih Hadron Energy · Letter to Stockholders · Q2 202604


T 1 2026 ion Part 02Execution 6202 1H ni deveihca senotselim yeK Feiefnt announcse mienn tthe first half of 20e 2,t6 sedceeuslcr: rhciee ba pfeteui cetoltavnil eoi nzdy ihoref ctroampan and opeorra tchain, and clear teguolrahte ry miloensets that eag caatt umrainnugf license application. January COfrilaFfnif ae he alinccikuhS lating Officer und RaharepO feihCed tnioppa anvnaeC naK .dta etnap dx ame tshaJm8e riaeun. ldearesdh ipeorlgutae2y 602nrd ya obar ,lacinhceT February amgroCeobuldi cN hmlp en tiRntg erncea PssurQAe ay thilu .aruerb026y 218 F March ousnlogit yStiw deationnsig renE nogaaooileccr glbrata hPrSt .2h 260c.mnaoMt e7p1r lev odlentudi ecto natnroar sminnorttcaeorcMir April ecteiv fdfeeSrma l credo4 was-er ta0il$tm 0n6l oio fluagtaninlt odaeihe FV 0 2A.p02irl 62 Prin ipalcDo t etdausr empbtet ipNC eRhtiwaireh tirC egisn 22A. pril0262 itlum dna tneestmvni eigcatrtS-oprjotikr w Smahrwmeaneyfm trygocpeedl ttnd lnerEa U ef voi ptqofailuid prej 1yleitxamoptra ps atec5 0MWahc ee. 28 A. i2prl260 Non-binding MOU Urevwetneg insmtiee dree niosrshonC vgresciavonc muinarDyn Ds omticeUF₆ng .ilcs laica ogrcehmomuty mntehr ioofpmel sdrterf din rouessrcevon c3 0A.ril 2026p May Business combination wtih GlCigpitaa7ed temcpol;giadns adbegans on Nirt qd euHr $nDNR Ay elxtmaioppr$3d .dlogbdFhirte,dna reytl ticsiet publ ivecer noi1lim l-w.6202 ya 2M. 6ynapmoc roeactarr lodom urcim reat June amrogts arecPn ssurNtpecca RC y etuQhiAalDsonitacilppa esnecil gnirutaca muenfrofurtu f neitpircso Ahtgil a orfir tsf-w. roceatro rircemta4.22 u0n6eJ Getr felu hl devoil detuit SEocteos lSnsel-roultamiainings rt epocs Suprop stNRC i1redor lncensing u0tareo pCFR Par t55 .9. 22u0n6e J First Uapaeihdspilecntt iln pubotap S US6 022/1828105 Ao ,icrM1I elgrantNulce raR.6022 . 16 eunJrotaec Sixiennnigrgee ssoseac rrih ciegtarst , icnnoasnaadteifnre op 25.e 02u n26J DLAP iper Gsdie grganeaffetmA nenrvo Sorem rguliopciicfye nclodun soenlnri So rnateR dciharB 2.urr9. nJu 2026e July CORE Ilapacti ena snoitaldr rotesvd niaelo t degaRne g-nsoitasccommuni temark 13.Ju2 20y6l gneriwoPWhta’esN xedseleart ,otr MoR haMHl evlifi cnai so ttngiot uteshmcor eme 15.J2 uly260 adron nergy etter to Stocholders 2 202605


The letter · Supply chain & commercial The letter, continued spihsrernatP cigetartS dna niahC ylppuS el ,uf gninnaps meerttpsiyase ogn nheiesvr cpaeo smrqeiuir sgitdrno;e tceate rn harom seueqritemry noolpd retcaeera dncvdA am:sekortsraicewltirc lar vse deancvda e, w u0tgId1o2r ni2c,nH 6psa n.iganeion,inarrtta funma Instrumentation & Control · March Fuel Supply · April 2026Operator Training · June 2026 2026 neDryvCnotGo uSionlESs gy SolutonsinoagrEe nraP reon sivru io unac mndea secreu ,w6Ai 2nrp 20IlI nJ det ecselew, 2ue 6n20G oESSoluti ns to ice grtota s ait deneree nt ,w hc6022In Mra nre,D tyo e nlyhvwemtie tneershonC sgavei cr ielthgdhi,fi-yepocs lluf a re-ilengsd di edvna gsoy( iSno laut onilwltaob oirtacnE aaPhnroegr tne ian sgerpenosp rriea.. rSvte tnin rcnohU egiltn eop ro iaulstmhev .Dero tiutnsiglrimana etoplhe v doe)yt nlocciposheeangmoiioTr nM rtotlibctcia enecl in kt ot, niahc ylppus heuf eles og ratipneltadailndsoag itehln nvgaipeeds t otr erahiTh sapl.o He futcer insprhethcitIr aC& usirontc. nrdumlea imcigaea -supply commerf e elurofeo srbctansan m ufhe daucroderp repxees dilbato esha sst vcisdceedie n staorp ally imporigecnr is tersaotasiv ni peta ttnsnoCld.ao tmyen.olped-oste- etmitarelecac tgneoiemgordnsnt uc heitlcrse ,tuleehfy c d arwotmyne t tolorme dpsfiyrf atpawh ca.ls cialeemmocr oCmmraM laicrekpoleveD temotsuC dna tnemenilepiP re ilamtridna ,seitilicai aiasl recmsid tluanifr ,sreil alnlyil tfonssataac sanncai irteee lteDr.actgwepo ioosr-tnfirm tddfe enma raMk sstraintnoc esehT .ecnednepedni rewr pooneqcsenoif, udue ecnn edtnoa re tdiinerg ram,-e tdnyi ldu myticirtcelesgnisir :atniartscon roppoe rndegannl.eo iut cereaeati strbrtudiocrtnseu ifit Smragytnldane ErStrategic collaboration · April 2026 eblalotiw noitac cigeroatualaeasetnr a uco nntdamS hrvw ,e o tygtnd Enerlar6A i2I0l2 np Projects U otp 5 mr Sae vfoios sptuotfen ty omtca o aHhelrarl ndpipenoteal dltopjrS. asmcettalnd’ s . yle1xatmiomscieeeo sennpl intmlse oaepparpppved8 GW- nbetid hefo teyc racipamtee-h Pipeline8.1~G W eby 2035 0 2yboi enolrpmoc tde fegttra35cn.n we to ninIicott hhMi sOarmS, tUamdtdilnai nnalai e os drcan eriypannifci n gey nam dgacinuartuofi pniit teor nEndaesH int tnmrevecing iattsr r to e2lhy0ea rd feegtaert ra krotnd ure smentymrwha efsiiIloilop edstdan u.nr3, s0First rly20Ea3s0 deployments sbujoreglutaye.n iclgider dna ,laic,iae mlmcorcehcnt fo oitelpmoc on tcet Bstns us-ud noe, rlsadir ,drniaetiw seugolaid laicropt aeeraatntedc hcarge menagr loyi-esntmacnarSo dme advye ratew ,dnal titiiuls.eO, smetenriueqr lacinhceety nh gluorae sremoienctoonsd i t,gei etnstuecs mtihst avlovni egyngmatreee catgnlsi taremmoc ru edqpep oorualifi ve t, sysuohgi ttsuiteit nmepy anttohenm hrwahe lmdrpoocnyeaf in gts gnisecrl dna ,eatinrutcurts gnicnfnia .steneemrga edidtei nvifarwonce,idaih ge ilacnndc ltessa m,stsneet Customer Acquisition Process 01aErly engagement omrfne ygitarts gnisnecil d enarutcurs, finanting sctneemrqeuir lacinhcettd i,isnnooe ctSi sy eptnamytwhaolepd 02sees asstiSmnetQses easnsmehisutog te iiflue opropadhrvemso tinutit 03ei eicehdnligcnalcTncelid laicgireechnical andmcom i ficeps-ecttSie 04Defeeager tiivinmsetnOmteneeag retfiedni vdiwarpropo centatisauevi tdns Hadron Energy · Letter to Stockholders · Q2 202660


The letter · Financial positioning & objectives The letter, continued tnemyolpeD latipaC dna gninoitisoP laicnaniF o durrawoece odtrynpa d lo poed wsstu s alhlw ,hociealtnon nccnha.hav ii s lsai dnm$2d e2 olh ui2eql Had,r, 0226OnJ un0e3 sudipnlned a l splendid:ecingec iiqs se si noitacolla latipac. Our aerytx teree nhvorluateggnisnnso yle caiplr dna gnireenigne .pamdoar aiclzatinoiant ectceorn oset cremmheoegulatl ydva eictamnlhscielidhta rt dny ar tsaiagn H1 2026 capital deployment focused on 010203 g nutcairu, nfam sgmdnyniigntetcuar iavAdrouegaltRnte agenas n encmiglg edynirhaSiu pp apnlycec l styicn-rlhepuafn ed ecruitmetnnad engineering readiness ,rapateoinrprsecuryti 040506 topnlemevd roeiodnagr malntnaitsri utarepOrsuo pplacechniemo rttsuCt ldteydcarilbup a foed euqirr esruuttrcarInf yamncop Investor Relations and Government Affairs yegsropuptnemy stratn,n foulap egdi dd,nt gnia cylliopeder ncaefdvo aet ami astrneefm rtfnAvG soe engLD dage w,AepPr iI 26e20nuJ n’ e w,26 20yluJ oI .sremntsuce vceoistp rnngztpadaaniisoaro lredeean dFstdm apiaowatS auoirstth i rclanoitazite vhloHmomar ce he s.te nnioitucetekrampuilhb cxen aey gdsarn itoaelsttor rsetve narloo idut RI EROC degagne Str cigetajbOitcev sefort h eNex1 t8 Mtnohs Oru Bo rseeiiPtdi rvospr prAotecriD do fraoT3 ough Decrmbeerh102,2 7r:ae clea r 10 eCotpmleNe cnavnddaa weive rcepailopi-tanrpRC 50 eeroiti nviefdoksnri teimalnirvs ywpermiaprufe lr ptCno gyems irln aeLolpsptn eoctCciim btdeniaroaaf darwot;tnemyarnotldpieuac ,ngdmand nr,egnigeius fvpec oocss; 02etfifn cdl -iroedclass best of kind lend aaw a elAmessb60AFOKo eagdyrpn ant sicrtgurta manufjea fni-nctce tinoazinagnnror igeniege;or ptnemylo-orry dealpef yspathawjsect;d na 30ret nd anhmitailsnc sdeeossirgtnt aentaE bdohat illw07Bcfreod ioc nentesvn d ,ainermosct ,uortuegaly dliru hoibit our HalxeMMm ondam-cdena-aadlep mno ct Reporntr etararp sndna noecuit tginxgh disciploned eiuthr romis aeolarlpa nootiutlcotrn;tgainst ahe .lanp 04d rooppomre rti ucti-ypsrorawsegih ecnathositnt tieuvdA ilcgneialciedon ercmhandiecma lc-ipecsi fetctis; ddArRges siinsks AFOKi wl lnoitucexslrp oigde nteuesnpicgin El i.lsmesneiirca noitucexuentdsesa i dna latepac laitnatsbus iriueqr lliw ynemtolped .nsietngisllecmiensino’radH enidefW tegdelwlrag uehr eisesks and mantge a r,gninough disciplinnd plaee ackno mtehrh s.ro cetsetann eedmtntarihe rvpvormn neiyt thgo ed eeagdg,ronc ntdatfmsgeeea nl aetlihpfaeleaso dn dptakts W remoi,unsa cn tdahc-ylppus ,laciehcnt, orlguteayrecution aga nst specificix esuounitnoc dna eoitunr ysse eccus ruo brusaeme .senolmisteTors.tesvnirip sdenlap ,us ,sremor,stsuoc egalutipw sithsiddifnoc sdliub enilceic neh r Hadron Energy · Letter to Stockholders · Q2 202607


The letter · Conclusion The letter, continued gninoitisoP cigetartS s’nordaH envon opo sucrRMM re in ts or fsusn itgn itepboeiotaw-etclfenudhe stir hti o preefenomcospetitiv he ltghir y’noradH e wRMM ei lfa.nWie-io i datme csfseelntipscuabt dna ,orhMu0 1W ypiginismrlucttc aisedgdun, mafein idzara, ntdsygolonecht irltaim ,seirtsudni dna seitalicif lacitirc-noissim ,spihsnwy orural ti e lams nsacd lnoe usrrwoln efr coonpuitallatsni elbane lliw a e l hasn,b eainedt s“bdreve temhmrsteo e tou”t csen’ahcta’ nt oR enMSh ordte kUeigl.elc errdi cnhit ytintectnco r o tar 07s egarevetting, t-s eMRlMh leoH aedecetnroguelaty preni afqciaitrlu rgesfdnidsoan oay gniriuqeer ssdnogirtcaeerc danvda rk.osroeualtgfreaymw ea n cerpulso tsnr dCxNe idneehisdiblabRe gnitarepe ofasor eacte rrt-wathe lgiso rafy oCnclusnoi on t sae hradH,denoitisop sah rauq tsrifs eopryr aaesrtcolmpaicnting pub ’oni,bgr eH adnoQdhcen STeaur6er of 202t ,rotuelgay tapyred ruowhakisr-ed evhae aaiWl z.cniitordecomm rawonti gcnayv adnapmoc RMM ertaw-uisndtryi ihdgaleglt n rl-appc ynpiuehs cigatarts detgenae sm,ecur romeerpedlh rhueos idaetn daua ns nst r,taibgeagsubnt nbiulinlcustedstr ngt ieb o det denerhtei lacimmtog si yte de distributh nEroennigdaa,Hn w rdog si rerwp odedio rrstiubtpipelie.f dnamed ehTn gnisnecil enilmearts oM M teRvitcef-fetalolce bdineas ngsin iee dermeeo,n crogans lupif sniemarema t euO .trkramgy eenr .tnemyo dlopeemrtsuc diy rpab dewollowith tf ehNC R or ar ,sremopsuet,sc ee t l ulofateciayt ouopr hsepnta dtt n,asdr ovw adsners, aniha kynrppa eo el,pmsredlohet of our rhasW ” lla rolab feyo“gl pery nucleadrene emspr eopurlt-go nevtanreitgeda ban illela d iuatnd utuerfnna t pwaion a sdssrruc ruoy OL .ANY TSATMCOP ness,pioitalhr deet lotnuodo srcnnai uetscand enhance our td orarwfg nikoel dna yloreSnic noGs blieumaS Founder and Chief Executive Officer · Hadron Energy, Inc. Hadron Energy · Letter to Stockholders · Q2 202608


Financial statements Part 03Financial statements Hadron Energy, Inc. Condensed consolitdaed balance sheets June 30, 2026December 31, 2025 Assets sstne stearruC Chas2$1 ,272577,$ 1 sas etetnsesando xe sntprrhr ecupd iaeerP838333 stetnesa sta orlcruT100,32090,2 oerpPryd,qamtp inu tte neen3137 ssstea -use-foliargia thnO peegrset–81 Otsserte sah–6 scidn roatnos ascteterreDf–587,1 sotal atessT131,3 $2980,4$ Liabilities and stockholders’ equity (deficit) ieilaibtil tnesCrru albeyap sntccouA3$ 97 $98 esexnpscA dcruee805383,71 tp orenetpriaOg le, urniabiltiescsrea liiotn–83 tnel ctruarolTiaiblities,174217159, Wnarratisiabile tli5112,– altpsearnast gibOleii iliee–21 So rs fmtenee peglAmriF etruuEtuyqi–4583,6 tloal Tiabilitise983,3898,36 Scotkoedrslh’ e ytiuq(dticife) ocotmoCmn s:k$ 0. p 000ar1vlaeu9;,799,a0d 9n090,000,156 4uta sehiroas 6hrzde o fsa Jeepticsr ,220, 5dcD62a20 3n re,1 emeb30ue nvyel;200a dn,22,00 7 457,606,64tgnn dias aof s siteou sdundeas hsarJ, e1 meb0c3r2,e 2D6 ndanu 3e0 seectpi,r 5202vlye75 Addiacatiptli ni-diap nalo367,06356,21 tceid fediActalumuc4(,1442)(86372,) ocl ttasoThkold ’eresquity d(eficit)2,3819800),(59 lalo tTiaibliti sanedcos tkhlodrse e’quity d(eifcit)311,32 $809,$4 Ty n icuedil detsnto ehne Chmpano' sF 01rmoQ-t oreu rahqf elry period ending tJagl rerapae t nin22,r0a 6ed tf tondcateod cenesn ioldods hsiudeueant 03neu senemtial sfatnnicta. Hadron Energy · Letter to Stockholders · Q2 202690


Financial statements Hadron Energy, Inc. Condensed consolitdaed statements of opertaions and comprehensive income (loss) 3M Jun 30, 20263M Jun 30, 20256M Jun 30, 20266M Jun 30, 2025 Operating expenses enadrmter ldsi iaanativeGn389,1 $337$ 456, $3 2$52 eloptnemvh acen ddeaersR415,142795,130 nao-bcsed iompsneatkocSt900,7559346,01046 noitaicereDp5161 stluea ltagel foeemeniltaiby tlila vrigC ehai nnf19)1,4(–160),9(– pnsesexaet ngipat eolorT113,6399821,6715,1 santioempro ooLs srf)311,6(99()32)18,(6157),1( Other income (loss) eyEuiqt urtuoFr sf eemntergA elpmiSafo eul v raiChangefin 27,4186)97,5(486,13285),(5 ulofa eriav ihnngfeC awibatlrranaseitil i62,25–,2265– totl oaThn reicm eo(loss)968,2396)7,5(810,3782)5,(5 In ceom(lsso)tionr aocme ifs vionor eporbf exse585,17)627,6(296,038)29,(6 Paomto er incsii vnoforxes–––– Nte nicmo e(loss)n ad cemrophneisvien come (olss)585,716)27,(6692,0382)9,(6 U proate dcanrlite ldoeanagsdstbiinrutsia inttticurigisepce659)(–7)1(9– N ietncom e(lsso)rti atbutab oel tcnsmm oohearholdsre$998,61 $62)7, 6($090,3 0$2)89,( 6 Net income (loss) per share Nnie tome c(lsso)e rae prhs– Basic$ 0.03 $0(.51) 0$.850 ($.5)1 Wn sdtanigetuo saesgharre vde aiehtg– Bacsi698,796,56386,846,543345,52,51,272493,45 N etasope sh r lser–de ilutD 0($.)03$ (0.51)$0( .)300 $(.15) Wdanngist setuo hg aeesrarvd eahetig–edDu tli7059,02,85386,648,45638,042,45,272943,45 Ty ni ds lcneieduthnet oCompanhe ' m1ro0 sFQ-ort he quar fi gnreo drpeeidylntJpegalrr ane itan a, 2r062 d e ot ftdteaoond iclnoessndecd hasnuu deite03 enu sentemtf iicstlaanna. Hadron Energy · Letter to Stockholders · Q2 202610


Financial statements Hadron Energy, Inc. Condensed consolitdaed statements of cash flows 6M Jun 30, 20266M Jun 30, 2025 Cash flows from operating activities N)ssol( encet moi269,$03 2)98,(6$ :i staren eaidgvhsaccttnioon teiuepsi t)ssol( emocni ten elicnocero t ststAuemjdn romaeciation ndarpeDantiziot61 tse lagel fo eulatement liabilitylira vif negnaCh)106,9(– xpneesh operatioNslease ecang n81– quiyE etturuF rosf eteenmao llprufm iAeeSgav riagefn i Cnh)648,13(582,5 esitilibail tnarrlue of waav riaieC fngnah )2,26(5– nieta-bassd compenokoctS436,01064 iilietbail dna s:siCgg saatisne teanrhenpos sesnepxipaeed Pr5(50))22( ldreohkcom otserufD –3(9) Olaleerpaetsi nsg abilitiei(50))5(3 Ots ssreheat66() laeby aspcoctnuA564– nseespxcAuecdre 70110 tNe hcsa dues in igtaneorp catisitiev(43,82)(64)4 Cash flows from investing activities rpeo roaphf scesrPut eaeynn tmpiuqd–(0)1 tNe shac esud ni nietgsvin vttiescaii–(10) Cash flows from financing activities ytiueE qruutF ro sftenmeecmoS iamipoleen uAsg rsf rf sdeocerP52,932,217 m orosefe dcrPB bossiCnmnusinatioe94422,– sintsootc casnart derre dfefo tyemnPa93,(17)– Nte csah ddiveorp yb ifnancing sctivitiea24,84212,27 easiaecs hnNt cenir604,02573 gngaisChi n–n tbeof he pedior,175717 Csha – end of the drpeoi$2 2,271$5 90 Supplemental disclosure of noncash transactions Rtsieiliil esael robacngfh aex eaeatsuo edst esbni-nifo-ight $–31$4 Wtnai irilrtbaailes issued it connection winh Bniusess Comninatiob$ 7134,$ – elbayasp u cten uiodcdcsal innicastestoacn rdt onrerfeD$2 75$ – ditanail-piapc lanoitidda dna kcoom sm cnootAt neiS fsEo noisrFvCno$ 1708,7 $– L itinp-acdiap lanoitiddal oaclassifiee tdal gettse tniltrleim iblaey462, $6 $– l iactni-padiap lanoidda oitied tisalcesfr gnicnanif edrerfeD,84 42$$ – Tyie tns included heontoeh Cpanm'10 orms FQ-t roarhe qu fe rlygperiod endin tJrpa large antei n 2,a2 r60 deoft tdatilosnoc desnee conddtiduanuhese une 30 setmnetlaaacnfnsit i. Hadron Energy · Letter to Stockholders · Q2 202611


About & disclosures Hadron Energy, Inc. seuocbuts l&sArDoi .c In,gyreon EnotAduabH r o-g nipolet eraHl ochiMveuc edds onofy ln cnoaopcmeygohar tcal decnune vnaNda si )NRDH :aad( .cnI ,sqygrneE noaHdr o ted reenign. Erotacenrp a,sdoetrr rewta-orcarutcatym-anufeblgli ttahf cirtcele-e1 tgamw0ota a,)RMM( r tcaeaRl rudoM i wgnooeegr m tt smia nol,rdeacH enfylcu egir areand he t wireat mulai-y htwlbspo edaaeoe fr-noissime ,suouniteoc rnvilde , ortare-ponewrdan o ,ertucran,afum di rsednegeegarts .tnnia Aygneblrea eypelcnb adne rrao,llpaeads ,yalldioc f dnamed nt ,isueimeoc mtomesre ,itilicaaiufr cgntna-mfuvyrs, ia estrlnadund heaietnec atrd gniawo pot deitdaceg si ydreoE nnrdaH .om.cygeeonrnhrda.s,vrotiw mntiaioww nfe iorom rotgFi a.nzilibats di darn sntemedkotiLong Sta-orwraF iws teentmi tnh kn-ltgoiaotsd ehrorawfso eson irhdkcloctnatso t relt tesihTitc,esdn oni tnonc, rsreudlaciror tf iteshpic onot ixeraeepr pdnnect fo thgilrhiee s ntemesoat, tedt te i gmusbie,atentn o uedturlccsnllr d,isiwiali .fS. o eafmgUnnie ear vilb yeesot rcate slo lathe erfh saw, slemtonpeveed tu freudtcepxnda e olfs taa, RaoHt Me hlMdnvhnir inngge, eeeorolgateungi tdp yaprerh eagrrsfrd nmu os kren a ebialovvanne s,amctu sicnde in toptriaeirc hrppa seetmnta tysto ciioanlitz fa.M nhleR MHA oai,nn gnmoe oeenpelcdiclm r,atmsvedy otl, hmaat ncor tsgyeroEn nonrdad H’ercunye beintiestwiha, ofh cs ormae o be dym edee ebt c taamcr lfaoisihtsf otnemest atten on teirha atreh dniatnoceo tm sehoe ftrnerflliae irdyfsep ro r omeat bsultetrmeo naceuacl asuatrc f ” ,eunitnoc“” ,eve”eib“ l,etpaicitna“ sdorh esT. wnemtesold -tkioangtrorwafe o ohsorumor.nS dlementen-iotgadtlsko rorwayt s efhei epdro di meelssbrxpe ”p“ ”sibl,seo,nalp“ ””mit“h,g ,ya”m “esdn,i” “tn,tcxpee“ ”e,”tmitse“ a,“couldfto t of ysickhs eorre eurnspmusnsoehis at ln r, dseh oauozieairltam stitniae y m snoisseaxrpi miars dna ”edluol“ ”w soh“lud,”j,octe” “rpet,cdi“r” pt,enliapot“ mofs rpeestcrar erlaitam yi ny vsm astuleucc rltat e,anier ocrvodm ianege rpb on dsod s ets tub ,toretnmehte fcaob s ened-loostatkgni hese worrwade yfifntiunedgry es nreEon rs.adH katentemgooi- nktsdlatorrwadit necojet fhseetpr ohes s tmeentooklaisntd-g orawr-eos. fheT gniklodroawrmt aenn tt eis noemftata a sth, wetshmeentares a h kndg-ltiaotsorowary fsvina eeor ertapdo uiia oottg bnnlo asedre one b cy traaaeegnn m othm efssdlseemyaasanam d auinnp snotitabed iuqerbyr e amsa tpec roso txneterhwsie, evee ,torountiuafm r teufno il fwsenr yi gnernEon adrHdnau repplicable se.urities lawsc tcatnooC and Media rtsevIn r otesvy nIgEnoe nrrdaHC:sper: httent//.ocmygnenroe.rahdwww/tlaneoisr-rotsevni umSael GC ,isonbhief Ex evuecitOffreicRro yReIroC e,ormuR bongsis@.mcoygrnoneerdahroyr@.cmoreiorc H, RNDNRDH :q, Inca · Nasd.ygrneE onrdaHWc.moygenorena dh ·r gnidliuB eht erutuf . dirg naelC ,tcapmoc ,elbappotsnu.N sdaq:a$DNRH Hadron Energy · Letter to Stockholders · Q2 202612