Van Eck Files Schedule 13G/A: 20,883,367 Shares (6.8%) of Fortuna Mining

Rhea-AI Filing Summary

Van Eck Associates Corporation filed Amendment No. 13 to a Schedule 13G reporting beneficial ownership of 20,883,367 common shares of Fortuna Mining Corp. 6.8% of the class as of the 06/30/2025 event date.

The filing shows sole voting power over 20,795,794 shares and sole dispositive power over 20,883,367 shares. The filer is identified as an IA organized in Delaware with principal office at 666 Third Ave, 9th Floor, New York, NY. The statement certifies the securities are held in the ordinary course of business and not to influence control. The filing is signed by Ashley Sousa, AVP, on 08/14/2025.

Positive

• Beneficial ownership disclosed: 20,883,367 shares reported, providing transparency to the market
• Material threshold exceeded: Stake represents 6.8% of the class, above the 5% reporting level
• Certification of passive intent: Filer attests holdings are in the ordinary course and not to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Van Eck reports a 6.8% passive stake (20.88M shares) in Fortuna Mining; holdings presented as ordinary-course investment.

The Schedule 13G/A discloses a sizeable minority position of 20,883,367 shares (6.8%). As a reporting IA, Van Eck's filing suggests this is an advisory or fund position held in the ordinary course rather than an activist stake; the filer certified no intent to influence control. The near-equality of sole voting power (20,795,794) and sole dispositive power (20,883,367) indicates control over voting and disposition for the bulk of the reported stake. For investors, this is material disclosure of concentrated ownership without accompanying control intent.

Corporate Governance Expert

TL;DR: A 6.8% disclosure is material for governance monitoring but the filer certifies passive intent.

From a governance perspective, a 6.8% position merits attention because it represents a meaningful minority holding. The filing explicitly states the securities were acquired and are held in the ordinary course of business and not to affect control, which classifies this as a passive reporting event under Schedule 13G rules. The signature and certification dated 08/14/2025 provide formal attestations. Absent further actions or additional filings, this disclosure alone signals ownership concentration without an announced governance agenda.

08/14/2025 - 01:04 PM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 13)

FORTUNA MINING CORP.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

349942102

(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. 349942102

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 20,795,794.00
6	Shared Voting Power
7	Sole Dispositive Power 20,883,367.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,883,367.00

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)

6.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FORTUNA MINING CORP.
(b)	Address of issuer's principal executive offices: 1111 MELVILLE STREET, SUITE 820, VANCOUVER, British Columbia, Canada, V6E 3V6
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.: 349942102
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: 20,883,367
(b)	Percent of class: 6.80 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 20,795,794
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 20,883,367
	(iv) Shared power to dispose or to direct the disposition of:
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

FAQ

How many Fortuna Mining (FSM) shares does Van Eck report owning?

Van Eck reports beneficial ownership of 20,883,367 common shares of Fortuna Mining (FSM).

What percentage of Fortuna Mining does Van Eck own according to the filing?

The filing states the shares represent 6.8% of the class.

What voting and dispositive powers does Van Eck report?

The filer reports sole voting power for 20,795,794 shares and sole dispositive power for 20,883,367 shares.

When is the event date and when was the form signed?

The event date requiring filing is 06/30/2025 and the signature date on the amendment is 08/14/2025.

Who signed the Schedule 13G/A for Van Eck Associates?

The filing is signed by Ashley Sousa, AVP, Van Eck Associates Corporation.