Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SII	SPROTT INC	4,183,727	$598M	17.4%	$142.90 *	$89.23	+39.1%	COM NEW	852066208
—	SPROTT FOCUS TR INC	15,536,886	$148M	4.3%	$9.55	$8.01	—	COM	85208J109
AEM	AGNICO EAGLE MINES LTD	685,083	$139M	4.0%	$202.93	$49.20	+318.8%	COM	008474108
EQX	EQUINOX GOLD CORP	9,505,436	$137M	4.0%	$14.45 *	$6.82	+127.8%	COM	29446Y502
CDE	COEUR MNG INC	6,817,492	$128M	3.7%	$18.77 *	$6.18	+261.4%	COM NEW	192108504
IAG	IAMGOLD CORP	6,572,889	$124M	3.6%	$18.82 *	$4.59	+330.5%	COM	450913108
WPM	WHEATON PRECIOUS METALS CORP	873,752	$115M	3.3%	$131.14 *	$44.93	+211.2%	COM	962879102
OR	OR ROYALTIES INC	2,362,660	$89.89M	2.6%	$38.04 *	$24.09	+73.8%	COM SHS	68390D106
BIL	SPDR SERIES TRUST	878,051	$80.46M	2.3%	$91.64	$91.66	—	STATE STREET SPD	78468R663
PAAS	PAN AMERN SILVER CORP	1,426,336	$77.92M	2.3%	$54.63 *	$37.28	+56.7%	COM	697900108
PHYS	SPROTT ASSET MANAGEMENT LP	2,109,488	$74.76M	2.2%	$35.44	$19.01	—	PHYSICAL GOLD TR	85207H104
—	STATE STR SPDR S&P 500 ETF T	109,400	$71.15M	2.1%	$650.34	—	—	Put	78462F953
KGC	KINROSS GOLD CORP	2,200,358	$67.16M	2.0%	$30.52 *	$6.57	+414.2%	COM	496902404
B	BARRICK MNG CORP	1,597,248	$65.22M	1.9%	$40.83 *	$33.93	+42.4%	COM SHS	06849F108
PPTA	PERPETUA RESOURCES CORP	2,261,602	$63.6M	1.9%	$28.12 *	$7.99	+279.1%	COM	714266103
AU	ANGLOGOLD ASHANTI PLC	631,573	$61.49M	1.8%	$97.36 *	$35.85	+189.0%	COM SHS	G0378L100
VZLA	VIZSLA SILVER CORP	17,068,053	$56.47M	1.6%	$3.31 *	$1.72	+198.8%	COM NEW	92859G608
FNV	FRANCO NEV CORP	227,294	$56.16M	1.6%	$247.07	$124.69	+97.1%	COM	351858105
IAUX	I-80 GOLD CORP	35,862,753	$54.38M	1.6%	$1.52 *	$1.36	+29.6%	COM	44955L106
EGO	ELDORADO GOLD CORP NEW	1,511,620	$51.89M	1.5%	$34.33 *	$17.83	+139.2%	COM	284902509
AGI	ALAMOS GOLD INC	1,095,070	$48.65M	1.4%	$44.43 *	$5.65	+652.9%	COM CL A	011532108
XOM	EXXON MOBIL CORP	250,137	$42.44M	1.2%	$169.66 *	$93.96	+47.7%	COM	30231G102
PSLV	SPROTT ASSET MANAGEMENT LP	1,655,995	$40.39M	1.2%	$24.39	$10.53	—	PHYSICAL SILVER	85207K107
RGLD	ROYAL GOLD INC	151,097	$38.45M	1.1%	$254.49 *	$171.36	+57.6%	COM	780287108
TFPM	TRIPLE FLAG PRECIOUS METAL	1,025,889	$35.61M	1.0%	$34.71 *	$17.64	+106.3%	COM	89679M104
ELE	ELEMENTAL RTY CORP	1,881,552	$35.45M	1.0%	$18.84 *	$15.55	+30.1%	COM NEW	28620K106
NUE	NUCOR CORP	206,470	$34.91M	1.0%	$169.10 *	$144.19	+23.8%	COM	670346105
CEF	SPROTT ASSET MANAGEMENT LP	648,693	$30.96M	0.9%	$47.72	$20.28	—	PHYSICAL GOLD AN	85208R101
HP	HELMERICH & PAYNE INC	857,408	$30.89M	0.9%	$36.03 *	$31.52	+5.6%	COM	423452101
CF	CF INDUSTRIES HOLD	236,970	$30.77M	0.9%	$129.84 *	$75.03	+20.1%	COM	125269100
SKE	SKEENA RES LTD NEW	1,017,709	$30.25M	0.9%	$29.73 *	$10.56	+188.9%	COM	83056P715
VNOM	VIPER ENERGY INC	640,873	$30.11M	0.9%	$46.99 *	$39.53	+3.7%	CL A	64361Q101
FHI	FEDERATED HERMES INC	513,885	$29.14M	0.8%	$56.71 *	$26.50	+102.1%	CL B	314211103
—	VANECK ETF TRUST	215,800	$25.9M	0.8%	$120.04	—	—	Put	92189F951
CALM	CAL MAINE FOODS INC	317,780	$25.15M	0.7%	$79.15	$67.39	+19.7%	COM NEW	128030202
EXK	ENDEAVOUR SILVER CORP	2,688,725	$25.04M	0.7%	$9.31 *	$4.95	+139.3%	COM	29258Y103
THM	INTERNATIONAL TOWER HILL MIN	9,959,165	$23.04M	0.7%	$2.31 *	$0.51	+395.5%	COM	46050R102
CCJ	CAMECO CORP	205,523	$22.32M	0.6%	$108.61 *	$53.10	+119.0%	COM	13321L108
TPL	TEXAS PACIFIC LAND CORPORATI	42,080	$19.97M	0.6%	$474.56 *	$301.86	+23.7%	COM	88262P102
SSRM	SSR MINING IN	651,440	$19.15M	0.6%	$29.40 *	$10.71	+137.9%	COM	784730103
NEM	NEWMONT CORP	163,023	$17.65M	0.5%	$108.25 *	$53.43	+121.1%	COM	651639106
STLD	STEEL DYNAMICS INC	95,863	$17.26M	0.5%	$180.00 *	$85.20	+116.1%	COM	858119100
RS	RELIANCE INC	53,307	$16.2M	0.5%	$303.92 *	$168.59	+93.8%	COM	759509102
—	INVESCO QQQ TR	27,700	$15.99M	0.5%	$577.18	—	—	Put	46090E953
WLK	WESTLAKE CORPORATION	132,610	$15.49M	0.5%	$116.82 *	$75.06	+18.9%	COM	960413102
SLSR	SOLARIS RES INC	1,761,374	$15.12M	0.4%	$8.58 *	$3.34	+182.0%	COM NEW	83419D201
NFGC	NEW FOUND GOLD CORP	7,725,030	$14.99M	0.4%	$1.94 *	$1.94	+52.9%	COM	64440N103
APAM	ARTISAN PARTNERS ASSET MGMT	362,095	$13.18M	0.4%	$36.39 *	$24.35	+73.0%	CL A	04316A108
CRUS	CIRRUS LOGIC INC	88,000	$12.73M	0.4%	$144.62 *	$82.91	+59.8%	COM	172755100
—	ISHARES TR	131,500	$12.55M	0.4%	$95.44	—	—	Call	464287900
—	ASA GOLD AND PRECIOUS MTLS L	200,183	$12.42M	0.4%	$62.03	$24.47	—	SHS	G3156P103
AG	FIRST MAJESTIC SILVER CORP	569,734	$12.24M	0.4%	$21.48 *	$7.38	+205.2%	COM	32076V103
IAUX/WS	I-80 GOLD CORP	11,300,000	$11.3M	0.3%	$1.00	$0.45	—	*W EXP 11/16/202	44955L155
BKE	BUCKLE INC	220,000	$11.08M	0.3%	$50.36 *	$12.54	+312.9%	COM	118440106
MTA	METALLA RTY & STREAMING LTD	1,599,530	$10.61M	0.3%	$6.63 *	$5.51	+46.0%	COM NEW	59124U605
METL	SPROTT FDS TR	381,380	$10.26M	0.3%	$26.89	$22.68	—	ACTIVE METALS	85208P857
PPLT	ABRDN PLATINUM ETF TRUST	57,188	$10.19M	0.3%	$178.23	$137.51	—	PHYSCL PLATM SHS	003260106
UEC	URANIUM ENERGY CORP	749,241	$10.11M	0.3%	$13.50 *	$7.81	+111.1%	COM	916896103
ERO	ERO COPPER CORP	364,273	$9.713M	0.3%	$26.66 *	$13.80	+130.0%	COM	296006109
BVN	COMPANIA DE MINAS BUENAVENTU	267,468	$9.64M	0.3%	$36.04	$24.48	—	SPONSORED ADR	204448104
THO	THOR INDS INC	105,000	$8.388M	0.2%	$79.89 *	$92.89	+21.7%	COM	885160101
NXE	NEXGEN ENERGY LTD	706,863	$8.199M	0.2%	$11.60 *	$5.35	+122.4%	COM	65340P106
GBUG	SPROTT FDS TR	169,598	$7.707M	0.2%	$45.44	$21.74	—	ACTIVE GOLD & SI	85208P865
SLB	SLB LIMITED	137,904	$7.087M	0.2%	$51.39 *	$39.03	+23.8%	COM STK	806857108
MP	MP MATERIALS CORP	143,952	$6.947M	0.2%	$48.26 *	$46.40	+33.1%	COM CL A	553368101
LB	LANDBRIDGE COMPANY LLC	98,604	$6.809M	0.2%	$69.05 *	$46.50	+24.5%	CL A	514952100
DC	DAKOTA GOLD CORP	1,232,916	$6.226M	0.2%	$5.05 *	$2.85	+116.4%	COM	46655E100
FRPH	FRP HLDGS INC	284,340	$6.221M	0.2%	$21.88 *	$26.95	-11.9%	COM	30292L107
—	SELECT SECTOR SPDR TR	124,500	$6.147M	0.2%	$49.37	—	—	Put	81369Y955
GDX	VANECK ETF TRUST	66,102	$6.066M	0.2%	$91.77	$39.80	—	GOLD MINERS ETF	92189F106
UROY	URANIUM RTY CORP	1,618,470	$5.907M	0.2%	$3.65 *	$2.28	+89.5%	COM	91702V101
USAS	AMERICAS GOLD AND SILVER COR	1,091,502	$5.697M	0.2%	$5.22 *	$2.88	+154.0%	COM NEW	03062D803
MMI	MARCUS & MILLICHAP INC	210,000	$5.584M	0.2%	$26.59	$30.12	-12.2%	COM	566324109
VSH	VISHAY INTERTECHNOLOGY INC	300,000	$5.4M	0.2%	$18.00 *	$18.51	+0.3%	COM	928298108
—	AMPLIFY ETF TR	180,200	$5.356M	0.2%	$29.72	—	—	Put	032108959
DNN	DENISON MINES CORP	1,503,850	$5.309M	0.2%	$3.53 *	$2.05	+84.2%	COM	248356107
HRB	BLOCK H & R INC	165,000	$5.237M	0.2%	$31.74 *	$39.94	-7.0%	COM	093671105
VCSH	VANGUARD SCOTTSDALE FDS	65,400	$5.184M	0.2%	$79.27	$92.51	—	SHRT TRM CORP BD	92206C409
SQM	SOCIEDAD QUIMICA Y MINERA DE	61,182	$4.952M	0.1%	$80.94	$60.47	—	SPON ADR SER B	833635105
PBR	PETROLEO BRASILEIRO S A	229,835	$4.769M	0.1%	$20.75	$20.75	—	SPONSORED ADR	71654V408
ODV	OSISKO DEVELOPMENT CORP	1,397,688	$4.542M	0.1%	$3.25 *	$3.48	+6.9%	COM NEW	68828E809
GFI	GOLD FIELDS LTD	94,011	$4.268M	0.1%	$45.40	$29.30	—	SPONSORED ADR	38059T106
HL	HECLA MINING COMPANY	216,365	$4.031M	0.1%	$18.63 *	$4.75	+407.2%	COM	422704106
HYMC	HYCROFT MINING HOLDING CORP	112,052	$3.944M	0.1%	$35.20 *	$3.39	+1033.0%	CL A NEW	44862P208
NTR	NUTRIEN LTD	51,915	$3.917M	0.1%	$75.46 *	$44.10	+54.5%	COM	67077M108
SND	SMART SAND INC	750,000	$3.84M	0.1%	$5.12 *	$1.69	+171.7%	COM	83191H107
SIL	GLOBAL X FDS	42,326	$3.813M	0.1%	$90.08	$36.36	—	GLOBAL X SILVER	37954Y848
HSLV	HIGHLANDER SILVER CORP	637,184	$3.739M	0.1%	$5.87	$5.87	—	COM	43087N204
LNG	CHENIERE ENERGY INC	12,779	$3.626M	0.1%	$283.76 *	$162.58	+29.0%	COM NEW	16411R208
ALB	ALBEMARLE CORP	19,495	$3.5M	0.1%	$179.53 *	$124.48	+37.6%	COM	012653101
FCX	FREEPORT MCMORAN INC	56,172	$3.302M	0.1%	$58.78 *	$45.77	+33.5%	CL B	35671D857
CTVA	CORTEVA INC	37,226	$3.116M	0.1%	$83.71 *	$44.35	+64.1%	COM	22052L104
SIVR	ABRDN SILVER ETF TRUST	41,243	$2.953M	0.1%	$71.61	$38.31	—	PHYSCL SILVR SHS	003264108
HBM	HUDBAY MINERALS INC	140,576	$2.942M	0.1%	$20.93 *	$16.34	+49.6%	COM	443628102
TEN	TSAKOS ENERGY NAVIGATION LTD	72,800	$2.873M	0.1%	$39.46 *	$24.29	+11.3%	SHS	G9108L173
SLV	ISHARES SILVER TR	41,545	$2.831M	0.1%	$68.14	$22.25	—	ISHARES	46428Q109
SGDJ	SPROTT ETF TRUST	32,649	$2.81M	0.1%	$86.08	$40.86	—	JR GOLD MINERS E	85210B201
—	UNITED STS OIL FD LP	22,000	$2.8M	0.1%	$127.25	—	—	Put	91232N957
SVM	SILVERCORP METALS INC	250,740	$2.693M	0.1%	$10.74	$4.81	+127.3%	COM	82835P103
GNTX	GENTEX CORP	120,000	$2.622M	0.1%	$21.85 *	$24.11	-0.3%	COM	371901109
COPX	GLOBAL X FDS	33,645	$2.569M	0.1%	$76.35	$58.15	—	GLOBAL X COPPER	37954Y830
SPPP	SPROTT ASSET MANAGEMENT LP	159,927	$2.484M	0.1%	$15.53	$13.68	—	PHYSICAL PLATINU	85207Q104
SCZM	SANTACRUZ SILVER MNG LTD	285,407	$2.47M	0.1%	$8.66	$8.66	—	COM NEW SHS	80280U205
SGDM	SPROTT ETF TRUST	30,052	$2.269M	0.1%	$75.49	$40.23	—	GOLD MINERS ETF	85210B102
XLE	SELECT SECTOR SPDR TR	36,699	$2.248M	0.1%	$61.26	$63.64	—	STATE STREET ENE	81369Y506
INSW	INTERNATIONAL SEAWAYS INC	30,182	$2.2M	0.1%	$72.88 *	$52.00	+14.3%	COM	Y41053102
FSM	FORTUNA MNG CORP	217,841	$2.163M	0.1%	$9.93 *	$5.00	+119.1%	COM NEW	349942102
—	ADAM NAT RES FD INC	76,742	$2.133M	0.1%	$27.80	$22.07	—	COM	00548F105
BTG	B2GOLD CORP	464,718	$2.105M	0.1%	$4.53 *	$2.92	+75.4%	COM	11777Q209
ASC	ARDMORE SHIPPING CORP	137,300	$2.094M	0.1%	$15.25 *	$12.71	0.0%	COM	Y0207T100
VMET	VERSAMET ROYALTIES CORP	217,641	$2.068M	0.1%	$9.50	$9.50	—	COM NEW	92528V200
OUNZ	VANECK MERK GOLD ETF	44,583	$2.008M	0.1%	$45.05	$27.17	—	GOLD SHS	921078101
URNM	SPROTT FDS TR	31,359	$1.98M	0.1%	$63.15	$45.33	—	URANIUM MINERS E	85208P303
NE	NOBLE CORP PLC	40,000	$1.963M	0.1%	$49.07 *	$37.17	0.0%	ORD SHS A	G65431127
VALE	VALE S A	119,752	$1.905M	0.1%	$15.91	$14.67	—	SPONSORED ADS	91912E105
PWR	QUANTA SVCS INC	3,251	$1.785M	0.1%	$549.01 *	$163.34	+197.7%	COM	74762E102
CME	CME GROUP INC	5,862	$1.731M	0.1%	$295.37 *	$189.61	+52.6%	COM	12572Q105
BAM	BROOKFIELD ASSET MANAGMT LTD	38,393	$1.707M	0.0%	$44.45 *	$44.51	+15.6%	CL A LMT VTG SHS	113004105
SU	SUNCOR ENERGY INC NEW	24,919	$1.647M	0.0%	$66.11 *	$51.81	0.0%	COM	867224107
FRO	FRONTLINE PLC	46,834	$1.633M	0.0%	$34.86 *	$28.36	0.0%	COM	M46528101
GBTC	GRAYSCALE BITCOIN TRUST ETF	28,795	$1.519M	0.0%	$52.76	$67.89	—	SHS REP COM UT	389637109
DVN	DEVON ENERGY CORP NEW	30,174	$1.518M	0.0%	$50.32 *	$36.63	+9.9%	COM	25179M103
HAFN	HAFNIA LTD	197,000	$1.497M	0.0%	$7.60 *	$6.09	+2.0%	SHS	Y2990R101
GLD	SPDR GOLD TR	3,370	$1.45M	0.0%	$430.29	$199.88	—	GOLD SHS	78463V107
CVX	CHEVRON CORPORATION	6,824	$1.412M	0.0%	$206.90 *	$156.41	+9.9%	COM	166764100
SA	SEABRIDGE GOLD INC	49,426	$1.401M	0.0%	$28.34 *	$17.95	+82.1%	COM	811916105
UUUU	ENERGY FUELS INC	76,355	$1.393M	0.0%	$18.25 *	$5.57	+288.0%	COM NEW	292671708
BWLP	BW LPG LTD	79,000	$1.372M	0.0%	$17.37 *	$15.39	0.0%	COM	Y10230103
CTGO	CONTANGO SILVER & GOLD INC	71,616	$1.343M	0.0%	$18.75 *	$28.64	0.0%	COM	21077F100
CNQ	CANADIAN NAT RES LTD MED TER	27,474	$1.339M	0.0%	$48.73 *	$37.20	0.0%	COM	136385101
ITRG	INTEGRA RES CORP	471,691	$1.288M	0.0%	$2.73 *	$1.14	+247.7%	COM	45826T509
TQQQ	PROSHARES TR	30,800	$1.284M	0.0%	$41.68	$62.60	—	ULTRAPRO QQQ	74347X831
SSO	PROSHARES TR	24,400	$1.266M	0.0%	$51.88	$74.05	—	PSHS ULT S&P 500	74347R107
AAPL	APPLE INC	4,811	$1.221M	0.0%	$253.79 *	$188.48	+39.4%	COM	037833100
LPG	DORIAN LPG LTD	35,000	$1.197M	0.0%	$34.20 *	$30.40	0.0%	SHS USD	Y2106R110
DHT	DHT HOLDINGS INC	63,590	$1.162M	0.0%	$18.27 *	$14.32	0.0%	SHS NEW	Y2065G121
—	IAMGOLD CORP	60,000	$1.129M	0.0%	$18.82	—	—	Call	450913908
BHP	BHP BILLITON LIMITED	15,407	$1.121M	0.0%	$72.74	$59.57	—	SPONSORED ADS	088606108
GROY	GOLD ROYALTY CORP	310,908	$1.113M	0.0%	$3.58 *	$2.30	+96.8%	COMMON SHARES	38071H106
ASM	AVINO SILVER & GOLD MINES LT	175,881	$1.112M	0.0%	$6.32 *	$2.17	+292.8%	COM	053906103
BTU	PEABODY ENGR CORP	32,005	$1.055M	0.0%	$32.95 *	$34.75	0.0%	COM	704551100
CVE	CENOVUS ENERGY INC	39,141	$1.038M	0.0%	$26.53 *	$17.41	+12.6%	COM	15135U109
LITP	SPROTT FDS TR	77,280	$1.026M	0.0%	$13.27	$10.50	—	LITHIUM MINERS	85208P709
TGB	TASEKO MINES LTD	149,345	$967K	0.0%	$6.47 *	$5.82	+28.9%	COM	876511106
SGOV	ISHARES TR	9,486	$955K	0.0%	$100.66	$100.54	—	0-3 MNTH TREASRY	46436E718
COPP	SPROTT FDS TR	25,983	$928K	0.0%	$35.72	$33.46	—	COPPER MINER ETF	85208P881
DEC	DIVERSIFIED ENERGY CO	53,000	$924K	0.0%	$17.44 *	$13.53	-2.1%	COMMON STOCK	25520W107
NEWP	NEW PAC METALS CORP	215,070	$890K	0.0%	$4.14 *	$1.56	+149.0%	COM	64782A107
HCC	WARRIOR MET COAL INC	9,381	$874K	0.0%	$93.15	$67.64	+36.0%	COM	93627C101
LGO	LARGO INC	754,739	$845K	0.0%	$1.12 *	$1.93	-29.2%	COM	517097101
ECO	OKEANIS ECO TANKERS COR	15,800	$799K	0.0%	$50.59 *	$41.08	0.0%	SHS	Y64177101
ICE	INTERCONTINENTAL EXCHANGE IN	5,040	$793K	0.0%	$157.28 *	$137.66	+19.8%	COM	45866F104
NVDA	NVIDIA CORPORATION	4,410	$769K	0.0%	$174.40 *	$186.13	+0.3%	COM	67066G104
AMZN	AMAZON COM INC	3,655	$761K	0.0%	$208.27 *	$160.45	+41.4%	COM	023135106
—	EQUINOX GOLD CORP	52,600	$761K	0.0%	$14.46	—	—	Call	29446Y902
STNG	SCORPIO TANKERS INC	10,000	$747K	0.0%	$74.66	$74.66	—	SHS	Y7542C130
NIKL	SPROTT FDS TR	45,615	$730K	0.0%	$16.01	$15.91	—	NICKEL MINERS ET	85208P600
EXP	EAGLE MATLS INC	3,804	$721K	0.0%	$189.44 *	$235.52	-4.4%	COM	26969P108
OXY	OCCIDENTAL PETE CORP	10,885	$708K	0.0%	$65.00 *	$42.20	+7.7%	COM	674599105
ISOU	ISOENERGY LTD	66,444	$702K	0.0%	$10.56 *	$6.60	+67.7%	COM NEW	46500E867
ORLA	ORLA MNG LTD NEW	43,314	$699K	0.0%	$16.13 *	$4.59	+260.4%	COM	68634K106
TSLA	TESLA INC	1,871	$696K	0.0%	$371.75 *	$294.21	+44.8%	COM	88160R101
ARIS	ARIS MINING CORPORATION	37,049	$688K	0.0%	$18.57	$11.35	+66.6%	COM	04040Y109
SLVR	SPROTT FDS TR	11,100	$657K	0.0%	$59.18	$47.66	—	SILVER MINERS	85208P873
SBSW	SIBANYE STILLWATER LTD	52,463	$646K	0.0%	$12.32	$12.32	—	SPONSORED ADR	82575P107
ALAB	ASTERA LABS INC	5,800	$636K	0.0%	$109.60 *	$164.44	-4.1%	COM	04626A103
SILJ	AMPLIFY ETF TR	20,526	$610K	0.0%	$29.72	$16.25	—	AMPLIFY JUNIOR S	032108649
HSHP	HIMALAYA SHIPPING LTD	45,000	$599K	0.0%	$13.30 *	$10.69	0.0%	ORD SHS	G4660A103
EWJ	ISHARES INC	7,070	$597K	0.0%	$84.44	$72.36	—	MSCI JAPAN ETF	46434G822
VGZ	VISTA GOLD CORP	285,842	$560K	0.0%	$1.96 *	$0.95	+159.1%	COM NEW	927926303
OIH	VANECK ETF TRUST	1,380	$558K	0.0%	$404.21	$293.98	—	OIL SERVICES ETF	92189H607
CNR	CORE NATURAL RESOURCES INC	5,255	$550K	0.0%	$104.73 *	$81.91	+13.3%	COM SHS	218937100
AMR	ALPHA METALLURGICAL RESOUR I	2,578	$529K	0.0%	$205.27 *	$182.66	+15.3%	COM	020764106
AGG	ISHARES TR	5,320	$528K	0.0%	$99.27	$98.93	—	CORE US AGGBD ET	464287226
KMI	KINDER MORGAN INC DEL	15,233	$511K	0.0%	$33.53 *	$26.94	+10.4%	COM	49456B101
IFF	INTERNATIONAL FLAVORS&FRAGRA	6,640	$482K	0.0%	$72.56 *	$76.65	-3.3%	COM	459506101
NVR	NVR INC	72	$474K	0.0%	$6589.83 *	$7126.16	+7.0%	COM	62944T105
EQT	EQT CORP	7,210	$459K	0.0%	$63.64 *	$55.27	0.0%	COM	26884L109
GLDG	GOLDMINING INC	368,998	$439K	0.0%	$1.19 *	$0.99	+58.5%	COM	38149E101
REI	RING ENERGY INC	285,000	$436K	0.0%	$1.53 *	$0.95	+18.1%	COM	76680V108
TMQ	TRILOGY METALS INC NEW	121,113	$435K	0.0%	$3.59 *	$1.30	+285.7%	COM	89621C105
MUX	MCEWEN INC	20,957	$428K	0.0%	$20.44 *	$16.42	+49.0%	COM NEW	58039P305
EQNR	EQUINOR ASA	10,000	$422K	0.0%	$42.20	$42.20	—	SPONSORED ADR	29446M102
PLTM	GRANITESHARES PLATINUM TR	20,750	$392K	0.0%	$18.91	$11.00	—	SHS BEN INT	38748T103
LRCX	LAM RESEARCH CORP	1,800	$385K	0.0%	$213.66 *	$155.36	+45.4%	COM NEW	512807306
SH	PROSHARES TR	10,000	$379K	0.0%	$37.93	$37.93	—	SHORT S&P 500 NE	74349Y753
AM	ANTERO MIDSTREAM CORP	16,500	$376K	0.0%	$22.80 *	$14.21	+34.3%	COM	03676B102
TLT	ISHARES TR	4,205	$365K	0.0%	$86.69	$86.69	—	20 YR TR BD ETF	464287432
EWZ	ISHARES INC	9,350	$359K	0.0%	$38.39	$28.85	—	MSCI BRAZIL ETF	464286400
COP	CONOCOPHILLIPS	2,712	$358K	0.0%	$132.00 *	$90.02	+14.0%	COM	20825C104
INGR	INGREDION INC	3,167	$357K	0.0%	$112.67 *	$113.53	+2.3%	COM	457187102
—	NVIDIA CORPORATION	2,000	$349K	0.0%	$174.40	—	—	Put	67066G954
BILS	SPDR SERIES TRUST	3,300	$328K	0.0%	$99.44	$99.44	—	STATE STREET SPD	78468R523
CACI	CACI INTL INC	596	$324K	0.0%	$543.87 *	$472.93	+27.5%	CL A	127190304
CNL	COLLECTIVE MINING LTD	18,100	$319K	0.0%	$17.61 *	$2.97	+458.8%	COM	19425C100
RIO	RIO TINTO PLC	3,347	$312K	0.0%	$93.29	$65.54	—	SPONSORED ADR	767204100
LZM	LIFEZONE METALS LIMITED	91,856	$309K	0.0%	$3.36 *	$8.27	-38.9%	ORD SHS	G5568L109
EOG	EOG RES INC	2,131	$308K	0.0%	$144.57 *	$112.14	0.0%	COM	26875P101
OKE	ONEOK INC NEW	3,400	$307K	0.0%	$90.39 *	$96.84	-18.9%	COM	682680103
BG	BUNGE GLOBAL SA	2,408	$306K	0.0%	$127.20 *	$112.04	0.0%	COM SHS	H11356104
ETHE	GRAYSCALE ETHEREUM STAKING E	17,150	$293K	0.0%	$17.07	$24.58	—	SHS	389638107
PTEN	PATTERSON-UTI ENERGY INC	27,000	$292K	0.0%	$10.83 *	$6.94	+10.1%	COM	703481101
COAL	EXCHANGE TRADED CONCEPTS TRU	10,435	$286K	0.0%	$27.44	$27.44	—	RANGE GLOBAL COA	301505467
LZM/WS	LIFEZONE METALS LIMITED	676,544	$277K	0.0%	$0.41	$1.06	—	*W EXP 07/05/202	G5568L117
GOOG	ALPHABET INC	960	$275K	0.0%	$286.86 *	$286.33	+13.0%	CAP STK CL C	02079K107
SCCO	SOUTHERN COPPER CORP	1,569	$270K	0.0%	$172.06 *	$136.28	+37.5%	COM	84265V105
AR	ANTERO RESOURCES CORP	5,750	$244K	0.0%	$42.44 *	$33.80	0.0%	COM	03674X106
—	HECLA MINING COMPANY	13,000	$242K	0.0%	$18.63	—	—	Call	422704906
LMT	LOCKHEED MARTIN CORP	400	$242K	0.0%	$604.80	$600.88	0.0%	COM	539830109
GDXJ	VANECK ETF TRUST	2,002	$240K	0.0%	$120.04	$84.25	—	JUNIOR GOLD MINE	92189F791
URG	UR-ENERGY INC	160,678	$239K	0.0%	$1.49 *	$1.15	+48.6%	COM	91688R108
XOP	SPDR SERIES TRUST	1,289	$234K	0.0%	$181.83	$181.83	—	STATE STREET SPD	78468R556
ELMD	ELECTROMED INC	10,000	$234K	0.0%	$23.41 *	$26.21	+4.3%	COM	285409108
SPY	STATE STR SPDR S&P 500 ETF T	352	$229K	0.0%	$651.00	$617.85	—	TR UNIT	78462F103
MPC	MARATHON PETE CORP	922	$225K	0.0%	$244.18 *	$184.70	0.0%	COM	56585A102
WRN	WESTERN COPPER & GOLD CORP	86,830	$220K	0.0%	$2.53 *	$2.91	+14.9%	COM	95805V108
EU	ENCORE ENERGY CORP	120,744	$217K	0.0%	$1.80 *	$3.57	-18.5%	COM NEW	29259W700
MOS	MOSAIC CO	8,491	$217K	0.0%	$25.50 *	$27.87	0.0%	COM	61945C103
IE	IVANHOE ELECTRIC INC	18,109	$214K	0.0%	$11.82 *	$12.17	+42.6%	COM	46578C108
MAKO	MAKO MNG CORP	33,325	$213K	0.0%	$6.39	$6.39	—	COM NEW	56089A400
—	SPDR SERIES TRUST	3,800	$209K	0.0%	$55.00	—	—	Put	78464A959
ANGX	ANGEL STUDIOS INC	52,691	$161K	0.0%	$3.05 *	$5.93	-34.4%	CL A COM	034948109
JOBY	JOBY AVIATION INC	19,155	$158K	0.0%	$8.26 *	$6.71	+84.6%	COMMON STOCK	G65163100
GAU	GALIANO GOLD INC	62,362	$157K	0.0%	$2.51 *	$1.66	+74.1%	COM	36352H100
CRGY	CRESCENT ENERGY COMPANY	11,250	$152K	0.0%	$13.50 *	$8.47	+10.0%	CL A COM	44952J104
TRX	TRX GOLD CORPORATION	85,699	$129K	0.0%	$1.50 *	$0.47	+203.3%	COM	87283P109
—	ENDEAVOUR SILVER CORP	13,000	$121K	0.0%	$9.31	—	—	Call	29258Y903
NGEN	NERVGEN PHARMA CORP	25,000	$94,250	0.0%	$3.77 *	$4.73	0.0%	COM	64082X203
NAK	NORTHERN DYNASTY MINERALS LT	65,488	$91,683	0.0%	$1.40 *	$1.99	0.0%	COM NEW	66510M204
LAC	LITHIUM AMERS CORP NEW	20,552	$81,180	0.0%	$3.95 *	$3.94	+33.3%	COM SHS	53681J103
DGXX	DIGI PWR X INC	30,000	$60,900	0.0%	$2.03 *	$1.57	+71.3%	COM SUB VTG	25380B102
TMC	TMC THE METALS COMPANY INC	11,035	$51,533	0.0%	$4.67 *	$1.68	+314.5%	COM	87261Y106
ODVWZ	OSISKO DEVELOPMENT CORP	143,753	$35,953	0.0%	$0.25	$0.17	—	*W EXP 05/27/202	68828E239
GRO	BRAZIL POTASH CORP	10,000	$32,400	0.0%	$3.24 *	$2.56	0.0%	COMMON SHARES	10586A108
MRVI	MARAVAI LIFESCIENCES HLDGS I	10,000	$28,300	0.0%	$2.83 *	$2.55	+35.8%	COM CL A	56600D107
XPL	SOLITARIO RESOURCES CORP	33,333	$27,333	0.0%	$0.82 *	$0.64	+15.9%	COM	8342EP107
FURY	FURY GOLD MINES LIMITED	40,171	$24,492	0.0%	$0.61 *	$0.42	+71.2%	COM	36117T100
LUCD	LUCID DIAGNOSTICS INC	20,000	$23,000	0.0%	$1.15 *	$1.09	+13.5%	COM	54948X109
—	LARGO INC	11,000	$12,320	0.0%	$1.12	—	—	Call	517097901
ASPSW	ALTISOURCE PORTFOLIO SOLUTIO	16,100	$6,118	0.0%	$0.38	$0.50	—	*W EXP 04/30/203	L0175J112
FUFUW	BITFUFU INC	15,000	$1,875	0.0%	$0.13	$0.55	—	*W EXP 03/01/202	G1152A120
CRGOW	FREIGHTOS LTD	10,000	$1,700	0.0%	$0.17	$0.25	—	*W EXP 99/99/999	G51405119
—	BARRICK MNG CORP	71,000	$0	0.0%	$0.00	—	—	Call	06849F908