McEwen Inc. (NYSE: MUX) (TSX: MUX) announced on Tuesday that it has been added to the Russell 2000 Index as part of the June 2026 Russell Reconstitution, effective at the opening of U.S. equity markets on June 29. The inclusion in the widely followed small-cap index, which is based on membership in the broader Russell 3000 Index representing approximately 98% of the investable U.S. equity market by market capitalization, is expected to enhance the company's profile among institutional investors and index-tracking strategies.
Chairman and Chief Owner Rob McEwen said the company remains focused on executing its growth plans, improving operating performance, and creating long-term shareholder value. The company is advancing its portfolio of gold, silver, and copper assets in the Americas, including mines in Nevada, Ontario, Manitoba, and Argentina, as well as the reactivation of the El Gallo Mine in Mexico.
McEwen holds a 46.3% interest in McEwen Copper, which owns the advanced-stage Los Azules copper development project in San Juan province, Argentina. According to the last financing for McEwen Copper, the implied value of McEwen's ownership interest is US$456 million (US$7.67 per share). The Los Azules copper project is designed to be one of the world's first regenerative copper mines and aims to be carbon neutral by 2038. Its Feasibility Study results were announced in a press release dated October 7, 2025.
McEwen also recently purchased 27.3% of Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units worldwide. The company believes this technology is poised to become the new industry standard for assaying precious and base metals. Chairman Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame, and a winner of the EY Entrepreneur of the Year award. His objective is to build MUX's profitability, share value, and ultimately implement a dividend policy, as he did while building Goldcorp Inc.
The inclusion in the Russell 2000 Index marks a significant milestone for McEwen, potentially attracting more institutional attention and supporting its growth trajectory. For more details, visit the company's newsroom at https://ibn.fm/MUX.
