U.S. Energy announces major helium discovery

U.S. Energy (USEG) announced a series of key operational updates. Highlights: Successfully completed drilling operations on the Company’s initial well; Independent laboratory results confirm high-quality, non-hydrocarbon-based helium discovery with concentrations up to approximately 1.5%; Results validate and enhance the economic potential of the Company’s asset; Sets the stage for the next steps in the asset’s broader development program. “I am pleased to report a significant milestone for U.S. Energy with this major helium discovery as part of our industrial gas development strategy around our newly acquired assets in Montana,” said Ryan Smith, U.S. Energy’s Chief Executive Officer. “The independent analysis not only validates our geologic model and the high potential of the asset but also enables us to move forward confidently toward full-cycle program completion, expected in 2025.”