Van Eck discloses 53.7M-share, 5.99% passive stake in DNN

Rhea-AI Filing Summary

Van Eck Associates Corporation reported a sizable passive stake in Denison Mines Corp., disclosing ownership of 53,746,220 common shares, which represents 5.99% of the class. The filing states Van Eck has sole voting and sole dispositive power over these shares, and identifies the reporting person type as IA (investment adviser).

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure notifies investors that a well-known investment adviser holds a material, but statedly passive, stake in Denison Mines.

Positive

• Material disclosure: Holding of 53,746,220 shares representing 5.99% of Denison Mines is a clearly material ownership stake
• Clear authority: Van Eck reports sole voting and sole dispositive power over the disclosed shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Van Eck reports a material 5.99% passive stake in Denison Mines with sole voting and dispositive power.

Van Eck's disclosure of 53,746,220 shares (5.99% of the class) is material by regulatory thresholds and informs shareholders about concentrated ownership by a major investment adviser. The certification that the position is held in the ordinary course and not to influence control signals a passive intent under Schedule 13G. For investors, this clarifies ownership structure but does not by itself indicate activist intent or an impending change in corporate control.

Corporate Governance Expert

TL;DR: A near-6% stake by an investment adviser is notable for governance monitoring but is presented as non-control.

Ownership of nearly 6% gives Van Eck visibility and potential influence in shareholder dialogues, yet the filer affirms no purpose to alter control. Because the filing is a Schedule 13G disclosure and the reporting person is classified as an investment adviser, the position appears to be passive. From a governance perspective, boards and investors will note the concentration but should interpret it in context of the filer’s stated intent.

FAQ

How many DNN shares does Van Eck Associates Corp beneficially own?

Van Eck beneficially owns 53,746,220 common shares of Denison Mines.

What percentage of DNN does Van Eck report owning?

Van Eck reports owning 5.99% of the class of common shares.

Does Van Eck have voting power over the DNN shares?

Yes. The filing states Van Eck has sole voting power and sole dispositive power for the reported shares.

What type of SEC filing was submitted for this disclosure?

The disclosure was submitted on a Schedule 13G and the reporting person is classified as IA (investment adviser).

Was the stake acquired to change or influence control of Denison Mines?

The filer certifies the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2025 - 01:02 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

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

VAN ECK ASSOCIATES CORP

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 53,746,220.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 53,746,220.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

53,746,220.00

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)

5.99 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DENISON MINES CORP.
(b)	Address of issuer's principal executive offices: 40 UNIVERSITY AVE., SUITE 1100, TORONTO, Ontario, Canada, M5J 1T1
Item 2.
(a)	Name of person filing: Van Eck Associates Corporation
(b)	Address or principal business office or, if none, residence: 666 Third Ave, 9th Floor, New York NY 10017
(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: 53,746,220
(b)	Percent of class: 5.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 53,746,220
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 53,746,220
	(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.
	Not Applicable
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.

VAN ECK ASSOCIATES CORP

Signature:	Ashley Sousa
Name/Title:	Ashley Sousa, AVP, Van Eck Associates Corporation
Date:	08/14/2025