The Elmet Group Co. Set to Join Russell 3000® and Russell Microcap® Indexes

The Elmet Group (Nasdaq: ELMT), a U.S. provider of precision components and high-energy systems, is set to join the Russell 3000® and Russell Microcap® Indexes after the US market opens on June 26, 2026, following the 2026 Russell index reconstitution.

Rhea-AI Summary

The Elmet Group (Nasdaq: ELMT), a U.S. provider of precision components and high-energy systems, is set to join the Russell 3000® and Russell Microcap® Indexes after the US market opens on June 26, 2026, following the 2026 Russell index reconstitution.

Membership, determined mainly by market-cap rankings and style attributes, lasts for half a year beginning 2026 and brings automatic inclusion in either the Russell 1000® or Russell 2000® plus relevant style indexes. CEO Peter V. Anania views the addition as enhancing Elmet’s institutional investor profile. About $12.2 trillion in assets were benchmarked to Russell US indexes as of June 2025.

Positive

• Inclusion in Russell 3000® and Russell Microcap® Indexes effective June 26, 2026
• Automatic addition to Russell 1000® or Russell 2000® plus style indexes
• Increased visibility with institutions using Russell US indexes as benchmarks
• About $12.2 trillion in assets benchmarked to Russell US indexes as of June 2025

Negative

• None.

Argus Jun 23 session

-1.60% close to close Open Argus

Details

News Market Reaction – ELMT

On Jun 23, the day this news came out, ELMT closed 1.60% below the previous close.

Data tracked by StockTitan Argus for the Jun 23 session.

Key Figures

Russell reconstitution size: up to 4,000 stocks Assets benchmarked: $12.2 trillion Index inclusion effective date: June 26, 2026 +1 more

Russell reconstitution size

up to 4,000 stocks

Number of largest U.S. stocks captured each April 30

Assets benchmarked

$12.2 trillion

Assets benchmarked to Russell US indexes as of end of June 2025

Index inclusion effective date

June 26, 2026

ELMT set to join Russell 3000 and Russell Microcap after market open

Reconstitution reference date

April 30

Date used each year to rank up to 4,000 largest U.S. stocks

Historical Context

5 past events · Latest: Jun 09

5 events

1. Jun 09

   Defense contract win

   24h Move

   +2.0%

   Award of $4.3M U.S. government contract for defense components.

2. Jun 02

   Technology licensing deal

   24h Move

   +16.6%

   Subsidiary licensed ARC Sentry RF arc detection technology globally.

3. May 29

   Earnings report

   24h Move

   -5.7%

   Q1 2026 revenue and EBITDA growth with record backlog and IPO proceeds.

4. May 26

   Nasdaq bell ceremony

   24h Move

   +6.5%

   Announcement of ringing Nasdaq Closing Bell to mark recent IPO.

5. May 20

   Earnings call schedule

   24h Move

   +0.6%

   Scheduling of Q1 2026 earnings conference call and webcast.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

russell 3000®, russell microcap®, russell 1000®, russell 2000®

4 terms

russell 3000® financial

"set to join the broad-market Russell 3000® and Russell Microcap® Indexes"

A stock market index that tracks the performance of the largest 3,000 publicly traded U.S. companies, representing roughly the entire U.S. equity market. It matters to investors because it serves as a broad “shopping cart” or market thermometer—used as a benchmark to judge how well portfolios or funds are doing, and as the basis for many index funds and ETFs that aim to mirror overall market performance.

russell microcap® financial

"set to join the broad-market Russell 3000® and Russell Microcap® Indexes"

A stock index that tracks the performance of the smallest publicly traded U.S. companies, the Russell Microcap® serves as a benchmark for the micro‑cap segment of the market. Investors use it like a measuring stick to gauge how tiny, often faster‑growing but more volatile firms are doing relative to broader markets, and it underpins exchange‑traded funds and other products that let investors gain targeted exposure to this high‑risk, high‑reward slice of the market.

russell 1000® financial

"means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index"

The Russell 1000® is a market index that tracks the performance of the 1,000 largest publicly traded U.S. companies by market value, representing the large-cap portion of the stock market. Investors use it as a common benchmark to judge fund and portfolio performance and as the basis for many index funds and ETFs, so its movements offer a broad, easy-to-watch signal—like a main scoreboard—about how major companies are doing.

russell 2000® financial

"means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index"

The Russell 2000® is a stock market index that tracks the performance of about 2,000 smaller publicly traded U.S. companies, serving as a broad snapshot of the small-cap segment of the market. Investors use it like a thermometer for smaller businesses—if it rises or falls, it signals how that group is doing overall and helps compare or benchmark investment funds and risk exposure to smaller-company stocks.

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PORTLAND, Maine, June 23, 2026 (GLOBE NEWSWIRE) -- The Elmet Group Co. (Nasdaq: ELMT) ("Elmet" or the "Company"), a U.S.-based provider of precision-engineered components and advanced high-energy systems, is set to join the broad-market Russell 3000^® and Russell Microcap^® Indexes at the conclusion of the 2026 Russell indexes annual reconstitution, effective after the US market opens on June 26, 2026, according to a preliminary list of additions posted last month.

The June reconstitution of the Russell US indexes captures up to the 4,000 largest US stocks as of April 30 of each year, ranking them by total market capitalization. Membership in the Russell 3000^® Index, which remains in place for half a year beginning 2026, means automatic inclusion in the large-cap Russell 1000^® Index or small-cap Russell 2000^® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes.

“Being added to the Russell 3000^® and Russell Microcap^® Indexes is a meaningful recognition of the progress we've made in establishing Elmet as a leader in critical materials and defense technology,” said Company CEO Peter V. Anania. “This milestone strengthens our profile with institutional investors following our IPO in April and reinforces our commitment to driving sustainable growth and long-term value for our shareholders.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data aggregated by the London Stock Exchange Group, as of the end of June 2025, about $12.2 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider.

About The Elmet Group
The Elmet Group is a U.S.-based provider of precision-engineered components and advanced high-energy systems for the Aerospace, Defense and Government, Industrial, Medical, Semiconductor and Electronics, and Energy industries. The Company operates through two divisions, Critical Materials Components (CMC) and Engineered Microwave Products (EMP), leveraging materials science and precision engineering expertise to deliver high-performance solutions. The Elmet Group is dedicated to strengthening domestic manufacturing capabilities to support the U.S. and its allies’ needs in both critical materials and advanced high-power microwave systems.

About FTSE Russell, an LSEG Business
FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.

Approximately $21.20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. 

FTSE Russell is wholly owned by LSEG. 

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding future performance, expected outcomes, and strategic initiatives. Forward-looking statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “plan,” “seek,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” the negative of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that may affect results include the Company’s ability to benefit from inclusion in the Russell 3000^® Index, the Russell Microcap^® Index, or any other indices to the extent expected, to a lesser degree, or at all, as well as those factors discussed in The Elmet Group Co.’s registration statement on Form S-1 (File No. 294725), as amended, and subsequent filings The Elmet Group Co. makes with the U.S. Securities and Exchange Commission. The Elmet Group Co. undertakes no obligation to update these statements except as required by law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Company Contact
Chris Chandler
contact@theelmetgroup.com

Investor Contact
Tom Colton and Greg Bradbury
Gateway Group, Inc.
ELMT@gateway-grp.com
949-574-3860

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Elmet (Nasdaq: ELMT) joining the Russell 3000® and Russell Microcap® Indexes mean?

Elmet will be added to the broad-market Russell 3000® and Russell Microcap® Indexes after the US market opens on June 26, 2026. According to Elmet, index membership also brings automatic inclusion in either the Russell 1000® or Russell 2000® and related growth and value style indexes.

When will Elmet (ELMT) be added to the Russell 3000® Index after the 2026 reconstitution?

Elmet is set to join the Russell 3000® Index effective after the US market opens on June 26, 2026. This follows the 2026 annual Russell US indexes reconstitution, which updates membership based on eligible companies’ market-capitalization rankings as of April 30 each year.

How could Russell index inclusion impact Elmet (ELMT) shareholders?

Index inclusion could increase Elmet’s visibility with institutional investors that track or benchmark to Russell indexes. According to Elmet, joining the Russell 3000® and Russell Microcap® Indexes strengthens its institutional profile and supports its strategy of sustainable growth and long-term value for shareholders.

Why was Elmet (ELMT) selected for the Russell 3000® and Russell Microcap® Indexes?

Elmet’s selection stems from the Russell US indexes reconstitution, which captures up to 4,000 largest US stocks by market capitalization each year. FTSE Russell determines membership primarily using objective market-cap rankings and style attributes based on data as of April 30, according to the index provider’s methodology.

How long will Elmet (ELMT) remain in the Russell 3000® Index after joining in 2026?

Elmet’s membership in the Russell 3000® Index is expected to remain in place for half a year beginning 2026. According to Elmet, this ongoing membership also maintains the company’s presence in either the Russell 1000® or Russell 2000® and corresponding style indexes during that period.

How much in assets is benchmarked to the Russell US indexes that now include Elmet (ELMT)?

Russell US indexes had about $12.2 trillion in assets benchmarked to them as of the end of June 2025. According to data aggregated by London Stock Exchange Group, these benchmarks, managed by FTSE Russell, are widely used by investment managers and institutional investors worldwide.