An Industrial Gas and Carbon Management Platform, anchored by the Big Sky Carbon Hub.
Big Sky Industrial Inc. (Nasdaq: BSIN), formerly U.S. Energy Corp., is developing a diversified industrial platform focused on helium production, carbon management, and energy infrastructure.
THE ANCHOR ASSET
Big Sky Carbon Hub
Located above the Kevin Dome geologic structure in Northwest Montana, the Big Sky Carbon Hub is designed to monetize a unique naturally occurring gas stream rich in both helium and CO2. The project combines industrial gas production with carbon management infrastructure, creating multiple commercial pathways from a single resource base. With construction underway, the project represents one of the few undeveloped helium assets of scale in the United States.
THE MODEL
One gas stream. Three businesses.
The Big Sky Carbon Hub is structured around an integrated development model that converts a single produced gas stream into multiple revenue-generating operations. Helium is processed and sold into strategic industrial markets, CO2 is managed under the Section 45Q framework, and a portion of the CO2 supports enhanced oil recovery operations at the company’s wholly owned Cut Bank field. This approach is intended to maximize asset utilization while creating diversified cash flow exposure.
SINGLE GAS STREAM
~0.5% He
~87.5% CO2
Produced at the Big Sky Carbon Hub
Helium
Separated and sold under a long-term, take-or-pay contract supporting strategic industrial demand.
Carbon Management
CO2 managed through dedicated sequestration and infrastructure aligned with the Section 45Q framework.
CO2-EOR
A portion of the CO2 utilized in enhanced oil recovery operations at the wholly owned Cut Bank field.
1.3 Bcf
Helium Resource
444 Bcf
CO2
110,000
Acres (combined development acreage)
100%
U.S. based operations
Phase 1
Capital stack complete
5-yr
100% take-or -pay helium offtake signed
MARKET CONTEXT
Why Helium? Why Now?
Helium is increasingly viewed as a strategic industrial gas due to its irreplaceable role across advanced manufacturing, healthcare, aerospace, and data infrastructure. At the same time, global supply remains constrained and heavily concentrated outside North America.
The Big Sky Carbon Hub is being developed to help address growing domestic demand with a scalable U.S.-based source of helium tied to long-term industrial consumption trends.
NON-SUBSTITUTABLE END MARKETS
MRI Systems
Liquid helium is critical for cooling MRI magnets to superconducting temperatures, making it indispensable to a global medical imaging market serving millions of scans each year.
Semiconductors
Helium is essential in semiconductor manufacturing for cooling, leak detection, and creating ultra-clean production environments, supporting a global chip industry projected to surpass hundreds of billions in annual demand.
Fibre Optics
Helium enables the precision manufacturing of fiber optic cable by providing stable cooling and controlled atmospheres, supporting the rapid expansion of global broadband and AI-driven data infrastructure.
Data-center Cooling
Helium’s thermal conductivity makes it increasingly valuable in advanced data-center and server cooling applications as AI computing drives unprecedented energy and heat-management needs.
Aerospace
Aerospace and defense industries rely on helium for pressurization, purging, leak testing, and rocket systems, with demand rising alongside increased space launch and defense activity.
INVESTOR SNAPSHOT
Nasdaq: BSIN. Three independent revenue streams: helium, carbon management (45Q), and oil. Final investment decision reached on the Big Sky Carbon Hub processing facility in Q1 2026. Construction is underway. First helium sales and carbon management operations are anticipated in 2027.
INVESTOR SNAPSHOT
Big Sky Industrial (NASDAQ:BSIN) provides investors exposure to three distinct business verticals tied to industrial gases, carbon infrastructure, and energy production. With a final investment decision reached in Q1 2026 and construction now underway, the company is advancing toward anticipated first helium sales and carbon management operations in 2027.
NEWSROOM
News & Events
Track the latest corporate developments, operational milestones, investor updates, and project advancement related to the Big Sky Carbon Hub and Big Sky Industrial’s broader platform strategy.
Building one of the few material, undeveloped helium resources in the United States.
Review the latest figures, filings and the May 2026 Investor Presentation
