Significant Capital Markets Milestone
Evolution Metals Named to Russell 3000 and 2000 Preliminary Inclusion Lists
Key Points
FTSE Russell data show about $12.2 trillion in assets benchmarked to the Russell U.S. indexes as of June 2025.
The preliminary Russell additions lists for Evolution Metals & Technologies were published on August 21, 2026.
Preliminary inclusion would also place EM&T in Russell's growth and value style indexes, expanding benchmarks beyond the core Russell 3000 and 2000.
EM&T is described as a U.S.-based critical materials company focused on rare earth magnets, battery materials, and related minerals.
Evolution Metals & Technologies Corp. (EMAT) has been placed on FTSE Russell's preliminary lists for inclusion in the Russell 3000 and Russell 2000 indexes, effective September 21, 2026, pending final review TipRanks. The move signals major growth for the rare-earth magnet maker as it expands U.S. critical materials production. With approximately $12.2 trillion in assets benchmarked to Russell indexes as of June 2025, the inclusion could bring significant visibility to index-tracking funds Benzinga.
What the Russell Indexes Mean for Evolution Metals
The Russell 3000 tracks the broad U.S. stock market. The Russell 2000 focuses on small-cap companies Seeking Alpha. Inclusion in both means Evolution Metals joins benchmarks that trillions of dollars track automatically. Passive investment funds that follow these indexes will now hold EMAT stock without active decisions.
Evolution Metals Is Ramping Production Fast
Evolution Metals has secured Tier-1 OEM quality certifications for six grades of high-performance sintered NdFeB magnets—the powerful magnets used in electric vehicles and wind turbines TipRanks. The company is sourcing rare-earth metals like NdPr from outside China, reducing dependence on a single supplier. It has ordered additional ULVAC production machines to push capacity to about 10,000 metric tons annually by November 2026 Benzinga.
A Milestone During U.S. Critical Materials Push
Executive Chairman David Wilcox called the preliminary Russell inclusion a significant capital-markets milestone. The timing aligns with the U.S. government's push to build domestic rare-earth magnet supply chains. Investing.com noted that preliminary inclusion also places EM&T in Russell's growth and value style indexes, broadening institutional investor access beyond core benchmarks.
Final inclusion remains subject to FTSE Russell's standard review process. The company has already begun binding orders and production ramp-ups, suggesting confidence in the outcome.
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