McEwen Inc. (NYSE: MUX) (TSX: MUX) announced its inclusion in the Russell 2000 Index as part of the June 2026 Russell Reconstitution, effective at the opening of U.S. equity markets on June 29. Membership in the Russell 2000 is based on inclusion in the broader Russell 3000 Index, which represents approximately 98% of the investable U.S. equity market by market capitalization.
The addition to this widely followed small-cap index is expected to increase the company's visibility among institutional investors and index-tracking strategies. As McEwen continues advancing its portfolio of gold, silver and copper assets, this milestone could attract more passive and active investment, potentially enhancing liquidity and shareholder value.
Chairman and Chief Owner Rob McEwen emphasized the company's focus on executing growth plans, improving operating performance and creating long-term shareholder value. McEwen has invested over US$250 million personally in the company and takes a salary of $1 per year, aligning his interests with shareholders.
McEwen Inc. provides exposure to a growing base of gold and silver production in addition to a very large copper development project, all in the Americas. The gold and silver mines are located in prolific mineral-rich regions, including the Cortez Trend in Nevada, USA, the Timmins district of Ontario, Flin Flon in Manitoba and the Deseado Massif in Santa Cruz province, Argentina. The company is also reactivating its gold-silver El Gallo Mine in Mexico.
The company holds a 46.3% interest in McEwen Copper, which owns the large, long-life, 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 carbon neutral by 2038. Its Feasibility Study results were announced in a press release dated October 7, 2025.
Additionally, McEwen recently purchased 27.3% of Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay units around the world. The company believes this technology is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the leading service providers.
The inclusion in the Russell 2000 Index marks a significant step for McEwen as it seeks to build profitability, share value and ultimately implement a dividend policy, objectives that Chairman Rob McEwen has pursued since his tenure at Goldcorp Inc. For investors, this development may signal increased institutional interest and a broader recognition of the company's growth potential in the mining sector.
