US ENERGY CORP

U.S. Energy Corp. announced its corporate name change to Big Sky Industrial Inc., effective June 8, 2026. The company's Nasdaq ticker symbol will also change from USEG to BSIN on the same date. This rebranding aligns with the company's strategic focus on industrial gas, energy, and carbon management, particularly its Big Sky Carbon Hub project. A new corporate website has also been launched.

US Energy Corp. held its Annual Meeting on May 8, 2026, where stockholders approved several key proposals. Notably, the issuance of common stock to Roth Principal Investments, LLC, was approved, allowing the company to comply with Nasdaq Listing Rules regarding issuances exceeding 20% of outstanding shares. Additionally, Randall Keys ceased to serve as a director, reducing the Board to five members, and two director nominees, John A. Weinzierl and D. Stephen Slack, were elected. Stockholders also ratified the appointment of Weaver & Tidwell, L.L.P. as the independent auditor and approved named executive officer compensation.

U.S. Energy Corp. announced that its Chief Executive Officer, Ryan Smith, will participate in the LD Micro Invitational XVI Conference from May 17-19, 2026, in Los Angeles. Mr. Smith is scheduled to present on May 19 at 9:00 a.m. PT, with a live webcast available for interested parties. He will also host one-on-one meetings with investors during the event, which brings together more than 100 companies to showcase their innovations and growth strategies.

U.S. Energy Corp. announced that Randall Keys ceased to be a member of its Board of Directors effective May 8, 2026, following the expiration of his term and decision not to seek re-election. The company also held its 2026 Annual Meeting of Stockholders, where shareholders elected John A. Weinzierl and D. Stephen Slack as directors. Additionally, shareholders ratified Weaver & Tidwell, L.L.P. as the independent auditor, approved named executive officer compensation, and approved the issuance of common stock to Roth Principal Investments, LLC, which complies with Nasdaq Listing Rules regarding the 20% cap.

U.S. Energy Corp. reported a net loss of $3.2 million, or $(0.08) per diluted share, on revenue of $1.6 million for Q1 2026. The company highlighted significant strategic progress at its Big Sky Carbon Hub, including achieving Final Investment Decision on its Phase 1 processing facility and executing a five-year, 100% take-or-pay helium offtake agreement. U.S. Energy also completed its Phase 1 capital stack, expanded its credit facility to $20 million, and suspended its equity line of credit, positioning the project for commercial operations by Q1 2027.

US Energy Corp reported a decline in total revenue to $1.604 million for the three months ended March 31, 2026, a 26.8% decrease from the prior year, and an increased net loss of $3.185 million. Despite the operational losses, the company significantly strengthened its financial position by raising $8.1 million from an underwritten offering and $9.1 million from a committed equity facility. These financing activities led to a substantial increase in cash and equivalents to $10.451 million and a rise in total assets to $55.191 million.

U.S. Energy Corp. announced its selection to participate in the inaugural Emerging Company Pavilion at the Sohn Investment Conference 2026 on May 12, 2026. This prestigious event will provide the company with direct exposure to over 1,000 leading institutional investors, hedge funds, and family offices. The selection, based on market capitalization, growth trajectory, and strategic alignment, offers a unique opportunity to broaden awareness of U.S. Energy's integrated energy and carbon management platform and its long-term value proposition.

U.S. Energy Corp. (USEG) entered into a 5-year Helium Sales Agreement with an investment-grade industrial gas company. The agreement covers 100% of the contained helium produced at USEG's new purification plant near Oilmont, Montana, up to 1.2 million cubic feet per month. The fixed base price is $285.00 per MCF, with annual adjustments based on CPI-U, and the counterparty handles all downstream costs. This agreement is a key long-term offtake for the company's Big Sky Carbon Hub, with initial sales anticipated in Q1 2027.

U.S. Energy Corp. announced it will host a conference call to discuss its financial results for the first quarter ended March 31, 2026. The call is scheduled for Thursday, May 7, 2026, at 9:00 a.m. Eastern Time. The company's results will be released via press release prior to the call, and management will host a Q&A session.