GXMC Amends 13G: Global X Uranium ETF Linked to 5.61% DNN Stake

Rhea-AI Filing Summary

Global X Management Company LLC reported beneficial ownership of 50,280,944 common shares of Denison Mines Corp., representing 5.61% of the outstanding common stock. The filing indicates those shares are held with sole voting and dispositive power by GXMC and were acquired and are held in the ordinary course of business. The filing identifies that certain investment vehicles managed by GXMC, including the Global X Uranium ETF, have rights to dividends or sale proceeds and that the Uranium ETF’s interest relates to more than 5% of Denison’s class. GXMC affirms it does not hold these shares to influence control of Denison.

Positive

• Disclosure of a material passive stake: GXMC reports a 5.61% holding, meeting regulatory transparency requirements
• Clear classification as passive: Filing states shares were acquired and are held in the ordinary course and not to influence control
• Identification of ETF involvement: Notes that Global X Uranium ETF’s interest relates to more than 5%, clarifying beneficial ownership structure

Negative

• None.

Insights

Financial Analyst

TL;DR GXMC holds a passive, just-above-5% stake in Denison Mines through sole voting and dispositive power, with an ETF identified as a >5% beneficial holder.

GXMC’s Schedule 13G/A discloses a 5.61% stake, which meets the disclosure threshold for passive investors. The position size is meaningful enough to warrant market attention but the filer explicitly states the holding is in the ordinary course and not intended to change or influence control. For investors, this signals institutional interest in Denison and that exposure may be concentrated in GX-managed uranium-focused products. No changes to corporate governance or control dynamics are claimed.

Corporate Governance Expert

TL;DR This amendment clarifies ownership and confirms passive intent, reducing likelihood of an activist or control-related event.

The filing properly classifies GXMC as an investment adviser and reports sole voting and dispositive power over 50.3 million shares. Identification of the Global X Uranium ETF as a beneficial interest holder above 5% is material for disclosure and shareholder records. The explicit certification that the position is not meant to influence control is critical: it frames the stake as passive under Schedule 13G rules, limiting immediate governance implications absent further filings or behavioral changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

DENISON MINES CORP.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

248356107

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 248356107

1

Names of Reporting Persons

Global X Management CO LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 50,280,944.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 50,280,944.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

50,280,944.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.61 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 4 of this Filing

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DENISON MINES CORP.
(b)	Address of issuer's principal executive offices: 40 University Avenue, Suite 1100, Toronto, Ontario, Canada, M5J 1T1
Item 2.
(a)	Name of person filing: Global X Management Company LLC ("GXMC")
(b)	Address or principal business office or, if none, residence: 605 3rd Avenue, 43rd Floor New York, NY 10158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 248356107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information in items 1 and 5 through 11 on the cover page (p. 2) on Schedule 13G is hereby incorporated by reference.
(b)	Percent of class: 5.61%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 50,280,944
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 50,280,944
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Certain investment companies registered under Section 8 of the Investment Company Act of 1940 managed by GXMC have the right to receive any dividends from, or the proceeds from the sale of, the securities reported herein. Such interest of Global X Uranium ETF relates to more than 5 percent of the class of securities reported herein.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Global X Management CO LLC

Signature:	/s/ Ryan O'Connor
Name/Title:	Ryan O'Connor, Chief Executive Officer
Date:	08/14/2025

FAQ

What stake in Denison Mines (DNN) did Global X Management Company LLC report?

GXMC reported beneficial ownership of 50,280,944 common shares, equal to 5.61% of Denison Mines common shares.

Does the Schedule 13G/A indicate GXMC intends to influence control of Denison Mines (DNN)?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Which GX-managed vehicle is identified as having an interest greater than 5% in DNN?

The filing identifies the Global X Uranium ETF as having rights relating to dividends or proceeds and that its interest relates to more than 5% of the class.

What voting and dispositive powers does GXMC hold over these shares?

GXMC reports sole voting power and sole dispositive power over all 50,280,944 shares and no shared voting or dispositive power.

When was the Schedule 13G/A signed and by whom?

The filing is signed by Ryan O'Connor, Chief Executive Officer of Global X Management Company LLC on 08/14/2025.