U.S. Energy Corp. (NASDAQ: USEG) has announced the pricing of an underwritten public offering of 8.8 million shares at $1.00 per share, expected to generate gross proceeds of approximately $8.8 million. The offering is set to close on March 10, 2026, subject to customary closing conditions, with Roth Capital Partners serving as sole book-running manager.
The company 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 move underscores U.S. Energy's strategy to expand its industrial gas capabilities, particularly in the helium and carbon management sectors. The company's Big Sky Carbon Hub and Cut Bank oil field in Montana generate three independent revenue streams: helium, carbon management, and oil.
U.S. Energy Corp. is positioning itself at the intersection of critical supply, domestic energy production, and federal energy policy. The company's integrated energy and carbon management platform is designed to capitalize on growing demand for helium and carbon management services. The announcement highlights the company's commitment to advancing its industrial gas development project, which is expected to contribute to future revenue growth.
For more details on the offering, the full press release is available at https://ibn.fm/CbcLNA. Additional information about U.S. Energy Corp. can be found at www.usnrg.com.
