Schedule 13G/A: Global X Reveals 10.11M Shares in enCore Energy (EU)

Rhea-AI Filing Summary

Global X Management Company LLC reports beneficial ownership of 10,110,010 common shares of enCore Energy Corp., representing 5.42% of the outstanding common shares. The filing is a Schedule 13G/A indicating passive investor status and states the shares are held in the ordinary course of business and not for the purpose of changing or influencing control. The cover information identifies the relevant investment vehicle as the Global X Uranium ETF, which relates to more than 5% of the class.

Positive

• Clear disclosure of beneficial ownership: 10,110,010 shares representing 5.42% of enCore Energy Corp.
• Passive status explicitly stated, indicating the position is held in the ordinary course of business and not to influence control
• Identification of related vehicle: Global X Uranium ETF is noted as relating to more than 5% of the class

Negative

• None.

Insights

Securities Analyst

TL;DR: Institutional passive stake disclosed: 5.42% ownership by Global X Management (Global X Uranium ETF).

The Schedule 13G/A shows GXMC holds 10,110,010 shares (5.42%), filed as a passive investor under Rule 13d-1(b)/(c). This disclosure signals modest institutional interest without an intent to influence control. For investors, a >5% passive stake can improve liquidity and signal ETF-driven demand, but it is not an active governance move as the filer certifies the ordinary-course nature of holdings.

Corporate Governance Expert

TL;DR: Disclosure is a routine passive ownership filing, not a change-of-control trigger.

The filing clarifies voting and dispositive powers are sole to GXMC for 10,110,010 shares with no shared power reported. The certification affirms no intent to affect control, which keeps this disclosure within typical passive investor activity. Material governance implications are limited unless subsequent filings indicate activism or additional accumulation.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

enCore Energy Corp.

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

29259W700

(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. 29259W700

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 10,110,010.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,110,010.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,110,010.00

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)

5.42 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: enCore Energy Corp.
(b)	Address of issuer's principal executive offices: 5950 Berkshire Lane, Suite 210, Dallas, Texas, 75225
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, no par value
(e)	CUSIP No.: 29259W700
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: 5.42 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 10,110,010.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10,110,010.00
	(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 does Global X Management Company LLC hold in enCore Energy (EU)?

The filing reports 10,110,010 shares, equal to 5.42% of enCore Energy's common shares.

Is the Global X position in enCore Energy active or passive?

The Schedule 13G/A indicates the position is passive and held in the ordinary course of business, not to influence control.

Which Global X vehicle is referenced in the filing for enCore Energy?

The filing notes that certain investment companies managed by GXMC, specifically the Global X Uranium ETF, relate to more than 5% of the class.

Who signed the Schedule 13G/A for Global X Management Company LLC?

Ryan O'Connor, Chief Executive Officer, signed the filing on behalf of GXMC on 08/14/2025.

What voting and dispositive powers does GXMC report for the shares?

GXMC reports sole voting power and sole dispositive power for all 10,110,010 shares and no shared powers.