U.S. Energy Corp. announced that the company's President and COO Mark J. Larsen has notified the Board of Directors that he will retire from his positions as President and Chief Operating Officer effective December 31, 2014. Mr. Larsen has been employed by the company since June 1984 and he was appointed as its President and COO in August 2005.

At the request of the company's Board of Directors, Mr. Larsen will remain in an advisory role during 2015 to oversee the advancement of the Mount Emmons molybdenum project. Mr. Larsen will continue to be a member of the Board of Directors through his current term which expires in June 2016. The company plans to initiate a search for a Chief Operating Officer in the near term.