The position is that URA changed it's index provider to...

The position is that URA changed it's index provider to Solactive on 29 March 2018 on 24 Nov 2017 Global X holding had 14,117,000 SLX shares.
The Solactive mandate was (and now is):

Miners were added to the ETF according to this Solactive mandate and SLX fell out and had to be sold as it fell below US$75m market cap and the average daily volume traded went below US$50k.

It appears that these Solactive URA criteria were revised on 13/8/2020 (see HERE) to:

* Free Float Market Capitalization of at least $50 million USD for companies which are not Index Components on the respective Selection Day, at least $30 million USD for companies which are Index Components on the respective Selection DayAt a market cap of A$186.5m it appears that SLX should qualify as "not an index component"
AND

* Average daily trading value in the last three months of at least $100,000 USD for companies which are not Index Components on the respective Selection Day, at least $50,000 USD for companies which are Index Components on the respective Selection DayLooking at the trading volumes over the last 3 months are about 120,000/day so at an average price of A$1.20/share we may just squeeze in here - we are more vulnerable on this issue

There are other issues the one being that SLX may be classified by Solactive as a "non-pure play" in regard to uranium (since it has ZSS and IQE) in which case the index is "The overall number of Non-Pure Play Companies and Nuclear Component Producer Companies (in aggregate) will be capped at 15, with preference given to current index constituents fi rst and then prioritized by Free Float Market Capitalization". As I count it there are already 16 "non pure plays" in the URA index which are:


So as I see it we either wait our turn to after Greenland Mineral (at market cap A$207.8m - the SLX market cap is currently A$186.5m) or hope that GLE (or SLX) can be accepted as a "pure play" (in which we need to beat PEN (Peninsula Energy) at A$93.9m market cap) or hope that the limit of "non pure plays" is increased by Solactive above the 15 maximum currently in the Solactive URA mandate.