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5E Advanced Materials Announces Inclusion in the Russell 2000®, Russell 3000®, and Russell Microcap® Indexes
HIGHLIGHTS FEAM stock selected for inclusion in the Russell 2000®, Russell 3000®, and Russell Microcap® IndexesApproximately US $12 trillion in assets are
About this update from 5e Advanced Materials, Inc.
[{"type":"text","content":"HIGHLIGHTS FEAM stock selected for inclusion in the Russell 2000®, Russell 3000®, and Russell Microcap® IndexesApproximately US $12 trillion in assets are benchmarked against Russell U.S. Indexes HOUSTON, June 13, 2022 (GLOBE NEWSWIRE) -- 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E,” “We,” “Our,” or the “Company”) today announced that the Company’s FEAM stock has been selected for inclusion in the Russell 2000® Index, Russell 3000® Index, and Russell Microcap® Index effective after the U.S. market opens on June 27, 2022. Annual reconstitution of Russell U.S. indexes captures the 4,000 largest U.S. stocks as of May 6, 2022, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, 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, a leading global index provider, determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately US $12 trillion in assets are benchmarked against Russell U.S. indexes. Commenting on Inclusion in Russell Indexes, President and CEO, Mr Henri Tausch noted: “We are pleased that 5E has been selected for inclusion in the Russell indexes as they represent some of the most widely cited indexes for U.S. companies. This inclusion is an important milestone for the Company as it increases our exposure to the broader investment community after a successful listing on the Nasdaq in March 2022 while maintaining a secondary listing on the ASX. We look forward to working with Russell benchmarked investment managers, that comprise approximately US $12 trillion in assets, and hope to achieve other index inclusions as we progress our vision to become a global leader in critical materials – boron and lithium.” About 5E Advanced Materials, Inc. 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) is an exploration stage company focused on becoming a vertically integrated global leader and supplier of boron specialty and advanced materials, complemented by lithium production capabilities. Our missio...