U.S. Gold Corp (NASDAQ:USAU) announced that it is set to join the VanEck Junior Gold Miners ETF (GDXJ) following the fund’s latest quarterly rebalance, the company said Wednesday.
The inclusion will take effect at the close of trading on March 20.
GDXJ tracks an index of small- and mid-cap companies primarily involved in gold and silver mining, offering investors exposure to junior mining equities. The latest rebalance added 27 companies to the index, including 17 based in North America.
U.S. Gold said the addition is expected to increase its visibility among both institutional and retail investors, while also potentially improving trading liquidity.
The company is currently focused on advancing and de-risking its portfolio of gold and gold-copper assets located in Wyoming, Nevada, and Idaho.
"Inclusion in the GDXJ represents another validation of U.S. Gold's strategic positioning and strengthens our access to capital markets,” U.S. Gold Corp executive chairman Luke Norman said in a statement.
“As a U.S. focused junior with advanced, permitted assets in stable jurisdictions, the GDXJ inclusion will continue to attract greater institutional interest, improve share liquidity, and support our ongoing efforts to secure financing for project development. It underscores the growing recognition of high-quality North American juniors in a market increasingly favoring domestic, derisked opportunities.”