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      <invstOrSec>
        <name>Skyharbour Resources Ltd</name>
        <lei>549300DKX8CM6RVJBT88</lei>
        <title>SKYHARBOUR RESOURCES LTD COMMON STOCK</title>
        <cusip>830816609</cusip>
        <identifiers>
          <isin value="CA8308166096"/>
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        <balance>12793095.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>5479448.44000000</valUSD>
        <pctVal>0.070857555196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Ur-Energy Inc.</name>
        <lei>5493004ZEMNWEC7T6X93</lei>
        <title>UR-ENERGY INC COMMON STOCK</title>
        <cusip>91688R108</cusip>
        <identifiers>
          <isin value="CA91688R1082"/>
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        <balance>23513128.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41383105.28000000</valUSD>
        <pctVal>0.535146137188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SIBANYE STILLWATER LIMITED</name>
        <lei>378900F238434B74D281</lei>
        <title>SIBANYE STILLWATER LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="ZAE000259701"/>
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        <balance>48194384.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="16.03750000"/>
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        <pctVal>2.867132305987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ZA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DOOSAN ENERBILITY CO., LTD.</name>
        <lei>988400TK5NA3GLSTN506</lei>
        <title>DOOSAN ENERBILITY CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7034020008"/>
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        <balance>2320551.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>146062193.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Heavy Industries, Ltd.</name>
        <lei>353800TJ98PCAZROVE69</lei>
        <title>MITSUBISHI HEAVY INDUSTRIES COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JP3900000005"/>
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        <balance>4845609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.26000000"/>
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        <pctVal>1.835636567368</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: HKD/USD SETTLE 2026-02-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTHKD__00240949"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="HKD" exchangeRt="7.80970000"/>
        <valUSD>-855.23000000</valUSD>
        <pctVal>-0.00001105941</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
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            <settlementDt>2026-02-02</settlementDt>
            <unrealizedAppr>-855.23000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SAMSUNG C&amp;T CORPORATION</name>
        <lei>988400GFRE4IDFPE9E64</lei>
        <title>SAMSUNG C&amp;T CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7028260008"/>
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        <balance>798861.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANNERMAN ENERGY LTD</name>
        <lei>529900D04RI02L5UK707</lei>
        <title>BANNERMAN ENERGY LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BMN9"/>
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        <balance>13157661.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
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        <pctVal>0.554268324132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="9643484.02"/>
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      <invstOrSec>
        <name>BHP GROUP LIMITED</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP GROUP LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
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        <balance>4158369.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
        <valUSD>147317748.70000000</valUSD>
        <pctVal>1.905041287325</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Berkeley Energia Ltd</name>
        <lei>213800JX3V4TPO7TCJ08</lei>
        <title>BERKELEY ENERGIA LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BKY0"/>
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        <balance>28342793.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84058000"/>
        <valUSD>11244999.25000000</valUSD>
        <pctVal>0.145414846725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>ES</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Laramide Resources Ltd</name>
        <lei>2549000L2B3P9LPA0G54</lei>
        <title>LARAMIDE RESOURCES COMMON STOCK</title>
        <cusip>51669T101</cusip>
        <identifiers>
          <isin value="CA51669T1012"/>
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        <balance>12358198.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>7665979.63000000</valUSD>
        <pctVal>0.099132710293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Mega Uranium Ltd</name>
        <lei>529900ETMWH20UOMS233</lei>
        <title>MEGA URANIUM LTD COMMON STOCK</title>
        <cusip>58516W104</cusip>
        <identifiers>
          <isin value="CA58516W1041"/>
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        <balance>20886220.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>10796701.99000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: HKD/USD SETTLE 2026-02-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTHKD__00240965"/>
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        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="HKD" exchangeRt="7.80970000"/>
        <valUSD>-397.68000000</valUSD>
        <pctVal>-0.00000514260</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
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      <invstOrSec>
        <name>Forsys Metals Corp</name>
        <lei>529900IW82S76U8ZO822</lei>
        <title>FORSYS METALS CORP COMMON STOCK</title>
        <cusip>34660G104</cusip>
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          <isin value="CA34660G1046"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DENISON MINES CORP.</name>
        <lei>529900JWGSW17LJK6586</lei>
        <title>DENISON MINES CORP COMMON STOCK</title>
        <cusip>248356107</cusip>
        <identifiers>
          <isin value="CA2483561072"/>
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        <balance>58901712.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>234014851.10000000</valUSD>
        <pctVal>3.026165938094</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN LITHIUM CORP.</name>
        <lei>5299003L5RONUC1YCA16</lei>
        <title>AMERICAN LITHIUM CORP COMMON STOCK</title>
        <cusip>027259209</cusip>
        <identifiers>
          <isin value="CA0272592092"/>
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        <balance>13866163.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>8703790.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sprott Physical Uranium Trust</name>
        <lei>N/A</lei>
        <title>SPROTT PHYSICAL URANIUM TR MUTUAL FUND</title>
        <cusip>85210A104</cusip>
        <identifiers>
          <isin value="CA85210A1049"/>
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        <balance>18948414.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lotus Resources Ltd</name>
        <lei>984500AB0D982CDB3754</lei>
        <title>LOTUS RESOURCES LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000058737"/>
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        <balance>12098416.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
        <valUSD>25850410.73000000</valUSD>
        <pctVal>0.334284905719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CGN Mining Co Ltd</name>
        <lei>529900LQYG057CZAZT41</lei>
        <title>CGN MINING CO LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG2029E1052"/>
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        <balance>174782700.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.80970000"/>
        <valUSD>113691449.90000000</valUSD>
        <pctVal>1.470202388962</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DAEWOO ENGINEERING &amp; CONSTRUCTION CO.,LTD</name>
        <lei>988400P76EU13V47BI82</lei>
        <title>DAEWOO ENGINEERING &amp; CONSTR COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7047040001"/>
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        <balance>13702344.00000000</balance>
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        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>47311831.10000000</valUSD>
        <pctVal>0.611813528375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuscale Power Corp</name>
        <lei>N/A</lei>
        <title>NUSCALE POWER CORP COMMON STOCK</title>
        <cusip>67079K100</cusip>
        <identifiers>
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        <balance>7967401.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>139270169.50000000</valUSD>
        <pctVal>1.800973917477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTERN URANIUM &amp; VANADIUM CORP.</name>
        <lei>549300B2LQ6T4OJHXL41</lei>
        <title>WESTERN URANIUM &amp; VANADIUM C COMMON STOCK</title>
        <cusip>95985D100</cusip>
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          <isin value="CA95985D1006"/>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>2418588.49000000</valUSD>
        <pctVal>0.031276006938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>URANIUM ENERGY CORP.</name>
        <lei>549300VD69WD2USLIP04</lei>
        <title>URANIUM ENERGY CORP COMMON STOCK</title>
        <cusip>916896103</cusip>
        <identifiers>
          <isin value="US9168961038"/>
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        <balance>29199320.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>503396276.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GS Engineering &amp; Construction Corp</name>
        <lei>988400BQ69DJXXFA0D28</lei>
        <title>GS ENGINEERING &amp; CONSTRUCT COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7006360002"/>
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        <balance>4379206.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
        <valUSD>57105527.73000000</valUSD>
        <pctVal>0.738460837340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yellow Cake PLC</name>
        <lei>213800CVMYUGOA9EZY95</lei>
        <title>YELLOW CAKE PLC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="JE00BF50RG45"/>
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        <balance>14500671.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.72873000"/>
        <valUSD>135907102.70000000</valUSD>
        <pctVal>1.757484377605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>GB</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Uranium Royalty Corp</name>
        <lei>5493005KEPCD7QSX6305</lei>
        <title>URANIUM ROYALTY CORP COMMON STOCK</title>
        <cusip>91702V101</cusip>
        <identifiers>
          <isin value="CA91702V1013"/>
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        <balance>7483557.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Anson Resources Ltd</name>
        <lei>529900U2F9BSPAMFR394</lei>
        <title>ANSON RESOURCES LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000ASN8"/>
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        <balance>70942491.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
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        <pctVal>0.039846165795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="13414.6"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: HKD/USD SETTLE 2026-02-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTHKD__00240929"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="HKD" exchangeRt="7.80970000"/>
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        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GROUPE AECON INC.</name>
        <lei>549300VROCXVWXFR8B83</lei>
        <title>AECON GROUP INC COMMON STOCK</title>
        <cusip>00762V109</cusip>
        <identifiers>
          <isin value="CA00762V1094"/>
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        <balance>4116409.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF NEW YORK (THE)</name>
        <lei>HPFHU0OQ28E4N0NFVK49</lei>
        <title>FX Forward Contract: HKD/USD SETTLE 2026-02-02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="FX Forwards" value="CCTHKD__00240951"/>
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        <balance>1.00000000</balance>
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        <currencyConditional curCd="HKD" exchangeRt="7.80970000"/>
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        <assetCat>DFE</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <fwdDeriv derivCat="FWD">
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              <counterpartyName>BANK OF NEW YORK (THE)</counterpartyName>
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            <settlementDt>2026-02-02</settlementDt>
            <unrealizedAppr>-142.18000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ENERGY FUELS INCORPORATED</name>
        <lei>529900P0GCATXMGK8I62</lei>
        <title>ENERGY FUELS INC COMMON STOCK</title>
        <cusip>292671708</cusip>
        <identifiers>
          <isin value="CA2926717083"/>
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        <balance>13673832.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>KEPCO Engineering &amp; Construction Company, Inc</name>
        <lei>N/A</lei>
        <title>KEPCO ENGINEERING &amp; CONSTRUC COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KR7052690005"/>
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        <balance>1188020.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KRW" exchangeRt="1439.40000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>KR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Oklo Inc</name>
        <lei>N/A</lei>
        <title>OKLO INC COMMON STOCK</title>
        <cusip>02156V109</cusip>
        <identifiers>
          <isin value="US02156V1098"/>
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        <balance>7773221.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>618903856.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NEXGEN ENERGY LTD.</name>
        <lei>529900N0IXNXB3IP7F06</lei>
        <title>NEXGEN ENERGY LTD COMMON STOCK</title>
        <cusip>65340P106</cusip>
        <identifiers>
          <isin value="CA65340P1062"/>
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        <balance>34463628.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Boss Energy Ltd</name>
        <lei>9845000ED0A5F908A057</lei>
        <title>BOSS ENERGY LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000BOE4"/>
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        <balance>25687938.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ISOENERGY LTD.</name>
        <lei>5299000RYB4XC9F7VC32</lei>
        <title>ISOENERGY LTD COMMON STOCK</title>
        <cusip>46500E867</cusip>
        <identifiers>
          <isin value="CA46500E8678"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Aura Energy Ltd</name>
        <lei>5493003D06RIWBKIKA27</lei>
        <title>AURA ENERGY LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000AEE7"/>
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        <balance>47078131.00000000</balance>
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        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
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        <assetCat>EC</assetCat>
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        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATHA Energy Corp</name>
        <lei>984500456F2FA62CBC64</lei>
        <title>ATHA ENERGY CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="CA0468241082"/>
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        <balance>15215975.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ITOCHU Corporation</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>ITOCHU CORP COMMON STOCK</title>
        <cusip>N/A</cusip>
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          <isin value="JP3143600009"/>
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        <balance>10341353.00000000</balance>
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        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Joint stock company National atomic company Kazatomprom</name>
        <lei>5493008JG5TXJP2JSY44</lei>
        <title>NAC KAZATOMPROM JSC-GDR REGS DEPOSITARY RECEIPT</title>
        <cusip>63253R201</cusip>
        <identifiers>
          <isin value="US63253R2013"/>
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        <curCd>USD</curCd>
        <valUSD>356309709.60000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>enCore Energy Corp.</name>
        <lei>5299007FNX2NVNJM3O59</lei>
        <title>ENCORE ENERGY CORP COMMON STOCK</title>
        <cusip>29259W700</cusip>
        <identifiers>
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        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Global Atomic Corp</name>
        <lei>529900EY4VQEZUOEO166</lei>
        <title>GLOBAL ATOMIC CORP COMMON STOCK</title>
        <cusip>37957M106</cusip>
        <identifiers>
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        <balance>20698707.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>11922601.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>F3 Uranium Corp</name>
        <lei>529900LPUJAEJJNB3B78</lei>
        <title>F3 URANIUM CORP COMMON STOCK</title>
        <cusip>30336Y107</cusip>
        <identifiers>
          <isin value="CA30336Y1079"/>
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        <balance>31505074.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>5467409.36000000</valUSD>
        <pctVal>0.070701871684</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Elevate Uranium Ltd</name>
        <lei>213800AKEDZ9BBYIRF62</lei>
        <title>ELEVATE URANIUM LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU0000156416"/>
        </identifiers>
        <balance>20836877.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
        <valUSD>6860718.20000000</valUSD>
        <pctVal>0.088719462162</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="444055.08"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deep Yellow Ltd</name>
        <lei>529900FL7FGTGTVII319</lei>
        <title>DEEP YELLOW LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000DYL4"/>
        </identifiers>
        <balance>59457412.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
        <valUSD>118294196.00000000</valUSD>
        <pctVal>1.529722857018</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PALADIN ENERGY LTD</name>
        <lei>549300M44UTJAP8J6B37</lei>
        <title>PALADIN ENERGY LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000PDN8"/>
        </identifiers>
        <balance>26377799.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
        <valUSD>255748879.60000000</valUSD>
        <pctVal>3.307219796151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="62161556.07"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nano Nuclear Energy Inc</name>
        <lei>N/A</lei>
        <title>NANO NUCLEAR ENERGY INC COMMON STOCK</title>
        <cusip>63010H108</cusip>
        <identifiers>
          <isin value="US63010H1086"/>
        </identifiers>
        <balance>1919816.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56432991.32000000</valUSD>
        <pctVal>0.729763924445</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="45684887.82"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRUS ENERGY CORP.</name>
        <lei>549300G6VDK9G8276661</lei>
        <title>CENTRUS ENERGY CORP-CLASS A COMMON STOCK</title>
        <cusip>15643U104</cusip>
        <identifiers>
          <isin value="US15643U1043"/>
        </identifiers>
        <balance>1026388.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285623252.60000000</valUSD>
        <pctVal>3.693540619678</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="29313639"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CORPORATION CAMECO</name>
        <lei>N4BHALMXL3GMZKCUON55</lei>
        <title>CAMECO CORP COMMON STOCK</title>
        <cusip>13321L108</cusip>
        <identifiers>
          <isin value="CA13321L1085"/>
        </identifiers>
        <balance>15239708.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.35415000"/>
        <valUSD>1895299062.00000000</valUSD>
        <pctVal>24.50908323539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Silex Systems Ltd</name>
        <lei>5493003U7WMXGIEUEF14</lei>
        <title>SILEX SYSTEMS LTD COMMON STOCK</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AU000000SLX4"/>
        </identifiers>
        <balance>12346282.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.42745000"/>
        <valUSD>60371325.34000000</valUSD>
        <pctVal>0.780692539481</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="18191077.93"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNYREPOS</name>
        <lei>N/A</lei>
        <title>BNYREPOS</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="BNYREPOS"/>
        </identifiers>
        <balance>294553298</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>294553298</valUSD>
        <pctVal>3.809019612093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerConditional desc="N/A" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="MMYX0N4ZEZ13Z4XCG897" name="The Bank of New York Mellon"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>Y</isTriParty>
          <repurchaseRt>3.68</repurchaseRt>
          <maturityDt>N/A</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>294553298</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>294553298</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCat>UST</invstCat>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="294553298" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>GLOBAL X FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Joe Costello</ncom:signature>
      <ncom:signerName>Joe Costello</ncom:signerName>
      <ncom:title>CCO</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
