U.S. Energy Corp. (NASDAQ: USEG) announced the pricing of an underwritten public offering of 8.8 million shares at $1.00 per share, expecting gross proceeds of approximately $8.8 million. The offering is set to close on March 10, 2026, subject to customary closing conditions. The company intends to use the net proceeds to fund growth capital for its industrial gas development project, which includes a processing plant and infrastructure, as well as to support ongoing operations. Roth Capital Partners is serving as the sole book-running manager for the offering.
This capital raise underscores U.S. Energy's strategic focus on expanding its industrial gas capabilities, particularly in the helium and carbon management sectors. 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. By allocating proceeds to the industrial gas project, U.S. Energy aims to strengthen its position in the critical supply chain for helium, which is essential for various high-tech applications, including medical imaging, semiconductor manufacturing, and aerospace.
The offering comes at a time when domestic energy production and federal energy policy are converging, with an emphasis on reducing reliance on foreign sources of critical materials. U.S. Energy's integrated energy and carbon management platform positions it to benefit from these trends. The company's fully owned and operated asset base provides a foundation for long-term growth and operational control.
For more details on the offering, the full press release is available at https://ibn.fm/CbcLNA.
U.S. Energy Corp. 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 from a fully owned and operated asset base. U.S. Energy is positioned at the intersection of critical supply, domestic energy production, and federal energy policy. More information can be found at www.usnrg.com.
The successful completion of this offering will provide U.S. Energy with the capital needed to advance its industrial gas project, potentially enhancing its revenue diversification and long-term shareholder value. As the company continues to develop its assets, it remains focused on meeting the growing demand for helium and carbon management solutions.
