U.S. Energy Corp. Updates on Kevin Dome Project Progress

U.S. Energy Corp. provided a comprehensive operational update highlighting significant milestones achieved to date, substantial progress across its Montana-based Kevin Dome project, and a series of high-impact catalysts anticipated throughout 2026. The company said, "Over the past 18 months, U.S. Energy has executed a disciplined strategy to transform Kevin Dome into a scalable, vertically integrated industrial gas and carbon management hub, combining helium production, CO2 recovery and sequestration, and enhanced oil recovery across Company-owned assets. Management believes this platform positions U.S. Energy at the intersection of energy security, critical industrial gas supply, and environmentally responsible carbon management. KEY MILESTONES ACCOMPLISHED: World-Class Resource Position Established: Through multiple strategic transactions, U.S. Energy has aggregated approximately 80,000 net acres across Montana's Kevin Dome. A third-party resource evaluation estimates approximately 1.3 trillion cubic feet of naturally occurring CO2 and 2.3 billion cubic feet of helium, underscoring the scale and longevity of the resource base. First-in-State MRV Leadership: The Company has submitted two Monitoring, Reporting, and Verification plans to the U.S. Environmental Protection Agency on its Class II injection wells-the first MRV submissions in the State of Montana. Upon approval, the Company believes its project would rank among the top 20 largest Carbon capture, utilization, and storage projects in the United States, representing a significant regulatory and competitive milestone. Producing Industrial Gas Wells Online: U.S. Energy currently has three producing industrial gas wells delivering stable, low-decline production expected to fully supply the initial processing facility for multiple years without the need for additional drilling. Processing Facility De-Risked: Final engineering and design work has been completed on the Company's planned processing facility. In January 2026, U.S. Energy acquired an 80-acre strategically located plant site, optimized for power access, logistics, and offtake connectivity-materially reducing execution risk and future expansion constraints...Management anticipates several value-driving milestones throughout 2026, including: Execution of a long-term helium offtake agreement; Securing project-level financing; Receipt of MRV approvals; Completion of gathering infrastructure; Advancement of full-field EOR development plans; Third-party carbon management partnerships. The Company intends to provide regular market updates as these milestones are achieved."