Evolution Metals & Technologies Corp. Joins Russell 3000® and Russell 2000® Indexes, Gaining Exposure to $12.2 Trillion in Benchmarked Assets
Index inclusion connects EMAT to major benchmarked capital as it ramps rare earth magnet capacity and sets initial 2027 revenue guidance.
Rhea-AI Summary
Evolution Metals & Technologies (EMAT) has been added to the Russell 3000® and Russell 2000® Indexes effective at the opening of U.S. equity markets on September 21, 2026, through FTSE Russell’s third-quarter 2026 IPO additions process.
The company becomes part of two widely tracked U.S. equity benchmarks to which approximately $12.2 trillion in assets are benchmarked or invested. Index membership brings EMAT into index-tracking products, related institutional portfolios, and mandates that require benchmark inclusion. Management highlights progress to commercial-scale rare earth magnet production, secured non-China NdPr feedstock, expansion in Pohang to about 10,000 metric tons of annual magnet capacity (including 6,000 metric tons of high-performance sintered NdFeB), supported by a 750-megawatt KEPCO infrastructure agreement, and initial fiscal 2027 revenue guidance of $400–$460 million.
Positive
- Added to Russell 3000 and Russell 2000 indexes effective September 21, 2026
- Approximately $12.2 trillion in assets benchmarked to Russell U.S. Indexes
- Initial fiscal 2027 revenue guidance of $400–$460 million
- Target annual magnet capacity of about 10,000 metric tons, including 6,000 metric tons high-performance sintered NdFeB
- Supported by 750-megawatt electrical infrastructure agreement with KEPCO
- Thirteen additional ULVAC sintered magnet machines scheduled for delivery in November 2026
Negative
- None.
Details
Market reaction after Russell index inclusion: EMAT +4.98%
Following this news, EMAT has gained 4.98%, reflecting a moderate positive market reaction. The stock is currently trading at $4.22. Trading volume is elevated at 2.2x the average, suggesting notable buying interest.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.
Key Figures
- Benchmarked assets
- $12.2 trillion
- Russell U.S. Indexes
- Revenue guidance
- $400 million to $460 million
- Fiscal 2027
- Index membership effective date
- September 21, 2026
- Russell 3000 and Russell 2000
- Electrical infrastructure
- 750 megawatts
- KEPCO agreement supporting Pohang expansion
- Additional production machines
- 13 machines
- ULVAC machines scheduled for November 2026 delivery
- Annual magnet production capacity
- Approximately 10,000 metric tons
- Pohang platform
- High-performance sintered NdFeB capacity
- 6,000 metric tons
- Annual production capacity
Historical Context
-
Preliminary Russell 3000 and Russell 2000 inclusion was announced ahead of final membership.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
dfars regulatory
ndfeb technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
U.S. rare earth permanent magnet producer becomes a constituent of both indexes effective at the opening of U.S. equity markets on September 21, 2026, following finalization of FTSE Russell’s third-quarter 2026 quarterly IPO additions
MIAMI, FL, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Evolution Metals & Technologies Corp. (“EM&T” or the “Company”) (Nasdaq: EMAT), a U.S.-based critical materials and advanced manufacturing company producing rare earth permanent magnets, battery materials and related critical minerals, today announced that it has joined the broad-market Russell 3000® Index and the small-cap Russell 2000® Index, effective as of the opening of U.S. equity markets today, Monday, September 21, 2026. The addition was finalized through FTSE Russell’s third-quarter 2026 quarterly IPO additions process, placing EM&T in two of the most widely tracked U.S. equity benchmarks in its first year as a Nasdaq-listed company.
Membership in the Russell 2000® Index results in automatic inclusion in the broad-market Russell 3000® Index and in the applicable Russell U.S. style indexes. According to FTSE Russell, approximately
“Joining the Russell 2000 and Russell 3000 indexes is a defining capital-markets milestone for EM&T and a direct reflection of the operational and commercial execution we have delivered since our Nasdaq listing earlier this year,” said Christopher Clower, Chief Financial Officer and Chief Operating Officer of EM&T. “In eight months we have moved EM&T into commercial-scale production. We have validated our non-China supply chain, secured ex-China NdPr feedstock, advanced our Pohang infrastructure expansion to scale annual magnet production to 10,000 metric tons, and established initial revenue guidance of
The index additions coincide with the ongoing commercial expansion of EM&T’s rare earth permanent magnet platform in Pohang, Republic of Korea. Supported by a 750-megawatt electrical infrastructure agreement with KEPCO and thirteen additional ULVAC sintered magnet production machines scheduled for delivery in November 2026, the Company is ramping annual production capacity to approximately 10,000 metric tons, including 6,000 metric tons of high-performance sintered NdFeB magnets, utilizing secured non-China NdPr feedstock.
For more information on the Russell U.S. Indexes and the quarterly IPO additions process, visit https://www.lseg.com/en/ftse-russell/russell-reconstitution/ipo-additions.
Russell®, Russell 2000® and Russell 3000® are trademarks of Frank Russell Company, used under license by FTSE Russell, an LSEG business. FTSE Russell does not sponsor, endorse, sell or promote Evolution Metals & Technologies Corp. or its securities, and makes no representation regarding the advisability of investing in the Company.
About Evolution Metals & Technologies Corp.
Evolution Metals & Technologies Corp. (Nasdaq: EMAT) is a U.S.-based critical materials and advanced manufacturing company for rare earth permanent magnets, battery materials, and related critical minerals and technologies. By leveraging proven commercial-scale operations, advanced processing technologies, and strategic partnerships, EM&T operates what it believes is the only vertically integrated critical materials supply chain spanning end-of-life electronics and batteries, high-grade concentrates, and the manufacture of finished rare earth magnets (including high-performance rare earth magnets) and battery materials. For additional information, please visit https://investors.evolution-metals.com and follow the Company on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding EM&T’s inclusion in the Russell 3000® and Russell 2000® Indexes and applicable style indexes, the timing and potential effects of such inclusion, including potential visibility among institutional or index-oriented investors, trading liquidity, shareholder base diversification, and index-tracking fund representation; EM&T’s plans, objectives, expectations, strategies, production capacity, expansion initiatives, supply arrangements and commercial operations; the installation, commissioning and delivery schedule of thirteen additional ULVAC production machines; the planned expansion of electrical infrastructure to 750 megawatts in Pohang; and initial revenue guidance for fiscal years 2026 and 2027. These forward-looking statements, together with terms such as anticipate, expect, intend, may, will, should, believe, positioned and other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Such risks include, among others, the possibility that index inclusion may not result in the anticipated visibility, liquidity, institutional ownership, index fund representation or other benefits; that FTSE Russell may revise its index methodology, constituent determinations, or implementation schedules in future periods; and the business, execution, financing, regulatory, supply-chain, power infrastructure, equipment-delivery, customer-qualification and market risks described in EM&T’s filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and actual results, performance or achievements may differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date made. EM&T undertakes no obligation to update any forward-looking statement except as required by law. Additional information concerning factors that may affect EM&T’s expectations and projections is contained in its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on February 20, 2026, its Quarterly Report on Form 10-Q for the three and six months ended June 30, 2026, filed with the SEC on August 17, 2026, including the disclosures under “Risk Factors” therein, and other documents filed or to be filed with the SEC by EM&T. SEC filings are available at www.sec.gov.
Investor Relations Contact:
Arx Investor Relations
North American Equities Desk
www.arxhq.com
EMAT@arxhq.com
PR, Media & Global Communications Contact:
Phoenix MGMT & Consulting
www.PhoenixMGMTConsulting.com
PR@PhoenixMGMTConsulting.com
888-228-0122
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does EMAT’s inclusion in the Russell 2000 mean for other index memberships?
Membership in the Russell 2000® Index results in automatic inclusion in the broad-market Russell 3000® Index and in the applicable Russell U.S. style indexes, which are used by institutional investors for index funds and as benchmarks for active and passive strategies.
How is EMAT expanding its rare earth magnet production platform in Pohang?
The Pohang, Republic of Korea platform is being expanded toward about 10,000 metric tons of annual magnet production capacity, including 6,000 metric tons of high-performance sintered NdFeB magnets. This ramp is supported by a 750-megawatt electrical infrastructure agreement with KEPCO and thirteen additional ULVAC sintered magnet production machines scheduled for delivery in November 2026, using secured non-China NdPr feedstock.
How does EMAT link its index inclusion to upcoming defense sourcing requirements?
The company states that constituent status in the Russell 2000 and Russell 3000 indexes places EMAT in front of institutional capital that follows these benchmarks and that this occurs as markets move to meet critical defense sourcing requirements taking effect under DFARS on January 1, 2027.