Profile: U.S. Energy Corp. (USEG.O)

U.S. Energy Corp. (USE) acquires and develops energy-related and other mineral properties. The Company is primarily involved in the acquisition of mineral properties, the exploration and development of those properties, and from time to time the sale and lease of mineral-bearing properties and production and/or marketing of minerals. During 2008, the Company completed its multifamily apartment project serving the residential market in Gillette, Wyoming. The Company is focused on developing the Mount Emmons molybdenum project (Mount Emmons) into a major operating mine with Thompson Creek Metals Company (USA).

The Mount Emmons Project includes a total of 25 patented and approximately 612 unpatented mining and mill site claims, which together approximate 7,427 acres, or over 8 square miles of claims. Thompson Creek Metals Company (USA) has an option to acquire up to a 75% interest in the Project.