It's a mechanical buyer, they rely on the Solactive Indices which relies on partly for Pure-Play the "Uranium Supplier Annual" which is paid $5.5K report.
For non-pure play - it's based on market cap. EPM has been on their watch list for over two years?. But never hit $50M USD market cap. Which is now been overcome.
Simply EPM need to keep hitting these check points, and meeting Fund Mandate criteria to keep getting fund inclusion. Index funds are also there to some degree; there are stack of small index funds for instance that buy up GGG <1M shares; so there is some benefit staying up in $100M MC.
It's possible for EPM to be admitted to the VanEck Vectors Rare Earth / Strategic Metals ETF - once we get some more interesting REE drill core sampling or waste dump sampling. Selling the a batch of the waste dump samples would trigger it. (50% revenue related to REE, is a requirement).
EPM Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)