January 7, 2010 (FinancialWire) — U.S. Energy Corp. (NASDAQ: USEG), a natural resources exploration and development company with interests in oil and gas, molybdenum, geothermal, and real estate assets, said the January 1, 2010 $1 million option payment was paid by Thompson Creek Metals company USA on December 31, 2009 on behalf of the Mt. Emmons Moly company pursuant to the Exploration, Development and Mine Operating Agreement that was signed in August 2008.

The company also announced that Thompson Creek expects to spend approximately $7 to $9 million for the project in 2010, which is inclusive of the $1 million option payment.

U.S. Energy Corp. is a diversified natural resource company with interests in oil and gas, molybdenum, geothermal and real estate assets.

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