SCHEDULE 13G/A: Global X Management Discloses 5.77% Passive Stake in Energy Fuels Inc.

Global X Management Company LLC, acting as investment adviser to the Global X Uranium ETF, has reported a 5.77% beneficial ownership stake in Energy Fuels Inc. as of December 31, 2024.

Summary

• Global X Management Company LLC (GXMC) has filed an Amendment No. 2 to Schedule 13G, disclosing its beneficial ownership in Energy Fuels Inc.
• As of December 31, 2024, GXMC beneficially owned 11,336,443 common shares of Energy Fuels Inc.
• This ownership represents 5.77% of the class of common shares.
• GXMC, a registered investment adviser, holds these shares on behalf of the Global X Uranium ETF, an investment company.
• GXMC maintains sole voting power and sole dispositive power over all 11,336,443 shares.
• The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Energy Fuels Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory disclosure of beneficial ownership and does not contain specific financial performance or strategic updates that would significantly alter sentiment. It confirms an existing significant institutional holding.

Positives

• The disclosure of a significant 5.77% stake by Global X Management, an investment adviser to a specialized Global X Uranium ETF, indicates continued institutional interest and confidence in Energy Fuels Inc. and the broader uranium sector.

Future Outlook

NA

Management Comments

• Ryan O'Connor, Chief Executive Officer of Global X Management CO LLC, certified 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.'

Industry Context

This filing highlights continued institutional investment in the uranium sector, as Global X Management's stake is held on behalf of the Global X Uranium ETF. This suggests ongoing investor interest in companies like Energy Fuels Inc., which are key players in the uranium and critical minerals industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a large passive investment in the company.

Key Dates

Keywords

Energy Fuels Inc., Global X Management, Global X Uranium ETF, Uranium, Beneficial Ownership, SEC Filing, Schedule 13G, Investment Adviser, Common Shares