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Uranium Energy (NYSE MKT: UEC, the “Company” or “UEC”) is pleased to report that upon conclusion of the annual reconstitution of the Russell indexes after market close on June 23, 2017, the Company was added to the Russell 3000® Index. The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end …
Uranium Energy (NYSE MKT: UEC, the “Company” or “UEC”) is pleased to report that upon conclusion of the annual reconstitution of the Russell indexes after market close on June 23, 2017, the Company was added to the Russell 3000® Index.
The annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US 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 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 $8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.
About Uranium Energy
Uranium Energy is a U.S.-based uranium mining and exploration company. The Company’s fully-licensed Hobson processing facility is central to all of its projects in South Texas, including the Palangana in-situ recovery (“ISR”) mine, the permitted Goliad ISR project and the development-stage Burke Hollow ISR project.