GXMC Discloses 4.98% Stake in Uranium Royalty Corp. (UROY)

Rhea-AI Filing Summary

Global X Management Company LLC reported beneficial ownership of 6,314,747 common shares of Uranium Royalty Corp., representing 4.98% of the class. GXMC states it has sole voting and sole dispositive power over these shares and that the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing identifies Uranium Royalty Corp. as the issuer and lists GXMC as a Delaware organized investment adviser with its principal office in New York. The statement indicates certain investment companies managed by GXMC may have the right to receive dividends or sale proceeds related to the reported securities.

Positive

• Transparent disclosure of ownership: 6,314,747 shares (4.98%) reported on Schedule 13G.
• Sole voting and dispositive power clearly stated, showing GXMC directly manages the position.
• Affirms passive intent with certification that holdings are not intended to influence control.

Negative

• Stake under 5%, so this does not signal a change in control or material governance influence.
• No detail on which GXMC-managed funds are the economic owners, limiting investor clarity on ultimate beneficiaries.

Insights

Securities Analyst

TL;DR GXMC holds a passive stake of 4.98% (6.31M shares) in UROY with sole voting and dispositive power; disclosure is routine for an investment adviser.

GXMC's reported position is below the 5% threshold commonly associated with more consequential Schedule 13D disclosures, which typically signal active intent to influence control. The filing clarifies sole control over voting and disposition, reinforcing that the position is managed directly by GXMC. The note that certain GXMC-managed investment companies may be the economic beneficiaries aligns with standard investment-adviser reporting where funds, not the adviser, are the ultimate owners. Overall, this is a transparent, routine disclosure of a passive stake.

Corporate Governance Expert

TL;DR Ownership is disclosed as passive and below 5%, so no indication of governance or control actions from GXMC.

The certification in the filing asserts the securities were not acquired to influence control, and there is no shared voting power or group affiliation reported. That reduces the likelihood of imminent governance engagement or activist activity from GXMC. From a compliance perspective, the filing meets Schedule 13G requirements for an investment adviser reporting a passive stake and includes the customary disclosure that GXMC-managed funds may be the beneficial recipients of dividends or sale proceeds.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Uranium Royalty Corp.

(Name of Issuer)

Common shares without par value

(Title of Class of Securities)

91702V101

(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. 91702V101

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 6,314,747.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,314,747.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,314,747.00

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)

4.98 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Uranium Royalty Corp.
(b)	Address of issuer's principal executive offices: Suite 1830, 1188 West Georgia Street, Vancouver, British Columbia, Canada, V6E 4A2
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 without par value
(e)	CUSIP No.: 91702V101
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: 4.98%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6,314,747.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6,314,747.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	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.
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

How many UROY shares does Global X Management (GXMC) report owning?

GXMC reports beneficial ownership of 6,314,747 shares of UROY, representing 4.98% of the class.

Does GXMC have voting control over the reported UROY shares?

Yes. The filing states GXMC has sole voting power and sole dispositive power over the 6,314,747 shares.

Is GXMC seeking to influence control of Uranium Royalty Corp. (UROY)?

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

Does the filing identify which funds own the shares?

The filing notes that certain GXMC-managed investment companies may have rights to dividends or sale proceeds, but it does not list specific funds or shareholders.

What reporting rule was used for this Schedule 13G filing?

The filing is made under the Schedule 13G framework applicable to passive investors and identifies GXMC as an investment adviser (IA) in the cover data.