U.S. Gold Corp. set to join Russell 3000® and Russell 2000® Indexes in FTSE Russell's Annual 2025 Reconstitution

Rhea-AI Summary

U.S. Gold Corp. (NASDAQ: USAU) has announced its upcoming inclusion in both the Russell 3000 and Russell 2000 Indexes, effective June 30, 2025, following FTSE Russell's annual reconstitution. The Russell 3000 comprises the top 3,000 U.S. public companies by market cap, while the Russell 2000 is its small-cap subset. The inclusion, based on market capitalization rankings as of April 30, 2025, will result in automatic addition to corresponding growth and value indexes. This development is significant as approximately $10.6 trillion in assets are benchmarked against Russell U.S. indexes as of June 2024. The company's Chairman, Luke Norman, highlighted this as a validation of their momentum and ongoing development of the CK Gold Project in Cheyenne, WY.

Positive

• Inclusion in widely-tracked Russell 3000 and Russell 2000 indexes increases visibility to institutional investors
• Potential for increased trading volume and liquidity due to index fund purchases
• Access to $10.6 trillion in benchmarked assets could improve investor exposure
• Automatic inclusion in growth and value style indexes broadens investment appeal

Negative

• None.

Insights

Financial Markets Specialist

USAU's inclusion in Russell indexes signals enhanced visibility and potential institutional investment flows, positively impacting liquidity and investor awareness.

U.S. Gold Corp.'s upcoming inclusion in the Russell 3000® and Russell 2000® Indexes represents a significant milestone for the small-cap mining company. This development, effective June 30, 2025, following the annual reconstitution, carries several important implications for investors.

The inclusion validates the company's market capitalization growth to levels meeting Russell's threshold requirements. With approximately $10.6 trillion in assets benchmarked against Russell U.S. indexes, this inclusion triggers automatic purchasing by passive index funds that must hold all constituent stocks. This mechanical buying pressure typically creates positive short-term demand for newly-added shares.

Beyond the immediate impact, Russell inclusion substantially increases U.S. Gold Corp.'s visibility to institutional investors who use these indexes as performance benchmarks. The company will appear in numerous institutional screening tools, potentially expanding its investor base beyond specialized mining-focused funds to broader small-cap investment vehicles.

Enhanced trading liquidity is another likely benefit, as index inclusion often correlates with increased daily trading volumes. For a small-cap resource company like U.S. Gold, improved liquidity can reduce bid-ask spreads and minimize price impact during larger transactions – attributes that make the stock more attractive to institutional investors with position size requirements.

While this development doesn't directly impact the company's fundamental operations or the progress of its CK Gold Project in Wyoming, the increased institutional attention provides validation of the company's recent market performance and development strategy.

CHEYENNE, Wyo., June 2, 2025 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "our" or "us") (Nasdaq: USAU) is pleased to announce that we have met the criteria for inclusion in the broad-market Russell 3000 Index (the "Russell 3000") and the small-cap Russell 2000 Index (the "Russell 2000") at the conclusion of the Russell indexes annual reconstitution, effective after the U.S. market opens on June 30, 2025, according to a preliminary list of additions posted Friday, May 23, 2025.

The reconstituted indexes are expected to take effect after U.S. market close on June 27, 2025, as part of the 2025 Russell Indexes reconstitution. Inclusion in the Russell 2000, which is maintained for one year, is based on inclusion in the broader Russell 3000. The Company's stock will also be automatically added to the appropriate growth and value indexes.

The Russell 3000 includes the largest 3,000 U.S. public companies by market capitalization. The Russell 2000 is a subset of the Russell 3000 that is limited to small-cap companies. The indexes are reconstituted annually by re-ranking companies based on total market capitalization as of the reconstitution rank date, which was April 30, 2025, this year. Index membership results in automatic inclusion in the relevant growth and value style indexes.  FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

"We believe our preliminary inclusion in the Russell 3000 represents a significant validation of the momentum we're building at U.S. Gold," said Luke Norman, Chairman of U.S. Gold. "We're proud of our team's on-going commitment to developing the CK Gold Project in Cheyenne, WY and continuing to deliver value to 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 as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell U.S. indexes, which belong to FTSE Russell, a prominent global index provider.

For more information on the Russell 2000, Russell 3000 and the Russell indexes reconstitution, visit the "Russell Reconstitution" section on the FTSE Russell website.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold and copper exploration and development company. U.S. Gold Corp. has a portfolio of exploration properties. Our CK Gold Project is located in Southeast Wyoming and has a Preliminary Feasibility Study technical report, which was completed by Samuel Engineering Inc. Our Keystone exploration property is on the Cortez Trend in Nevada. Our Challis Gold Project is located in Idaho. For more information about U.S. Gold Corp., please https://www.usgoldcorp.com/.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as "proposed," "aims," "anticipates", "forecast," "estimated," "believes," "continues" and "intend," among others.  These forward-looking statements include statements related to effective dates of (i) the Russell indexes reconstitution and (ii) our inclusion in the Russell 2000 and Russell 3000. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company's control. The Company undertakes no duty to correct or update any information contained herein.

For further information
U.S. Gold Corp.
Investor Relations
+1 800 557 4550
ir@usgoldcorp.com
www.usgoldcorp.com

View original content:https://www.prnewswire.com/news-releases/us-gold-corp-set-to-join-russell-3000-and-russell-2000-indexes-in-ftse-russells-annual-2025-reconstitution-302470185.html

SOURCE U.S. Gold Corp.

FAQ

When will U.S. Gold Corp. (USAU) join the Russell 3000 and Russell 2000 indexes?

U.S. Gold Corp. will join the Russell indexes effective after the U.S. market opens on June 30, 2025, with the reconstitution taking effect after market close on June 27, 2025.

What is the significance of USAU joining the Russell indexes?

Joining the Russell indexes provides exposure to approximately $10.6 trillion in benchmarked assets, potentially increasing institutional investor visibility and trading volume.

How are companies selected for the Russell 3000 and Russell 2000 indexes?

Companies are selected based on market capitalization rankings as of the reconstitution rank date (April 30, 2025), with the Russell 3000 including the largest 3,000 U.S. public companies and the Russell 2000 being its small-cap subset.

What is U.S. Gold Corp.'s main project?

U.S. Gold Corp.'s main project is the CK Gold Project located in Cheyenne, Wyoming.

How long will USAU remain in the Russell 2000 index?

Inclusion in the Russell 2000 index is maintained for one year, subject to the annual reconstitution process.