U.S. Energy Corp. Prices $8.8 Million Public Offering to Fund Industrial Gas Development

U.S. Energy Corp. (NASDAQ: USEG) announced the pricing of an underwritten public offering of 8.8 million shares at $1.00 per share for gross proceeds of approximately $8.8 million. The company expects the offering to close on March 10, 2026, subject to customary closing conditions. Roth Capital Partners is serving as sole book-running manager for the offering.

The company stated it intends to use the net proceeds to fund growth capital for its industrial gas development project, including processing plant and infrastructure, as well as to support ongoing operations. This capital raise comes as U.S. Energy is building an integrated energy and carbon management platform. The company owns and operates the Big Sky Carbon Hub and Cut Bank oil field in Montana, generating three independent revenue streams — helium, carbon management, and oil — from a fully owned and operated asset base.

This funding initiative positions U.S. Energy at the intersection of critical supply, domestic energy production, and federal energy policy. The industrial gas development project represents a strategic expansion of the company’s operations beyond its existing Montana assets. More information about the company’s operations and strategy can be found at https://www.usnrg.com.

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The timing of this capital raise coincides with increasing attention on domestic energy production and carbon management initiatives. By funding both industrial gas development and ongoing operations, U.S. Energy aims to strengthen its position in the evolving energy landscape where helium production, carbon management, and traditional oil extraction converge. The company’s multi-revenue stream approach from fully owned assets provides a distinctive operational model within the energy sector.

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