Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OCANF	OCEANAGOLD CORP	3,090,363	$77.41M	2.5%	$25.05	—	COM NEW	675222400
SSMR	SUNSHINE SILVER MNG & REFNG	2,436,910	$32.22M	1.0%	$13.22	—	COMMON STOCK	867866105
AYASF	AYA GOLD & SILVER INC	1,298,502	$24.59M	0.8%	$18.94	—	COM	05466C109
SCOP	SPROTT PHYSICAL COPPER TRUST	1,084,885	$12.48M	0.4%	$11.50	—	UNITS	85210C100
SBLK	STAR BULK CARRIERS CORP	204,784	$5.113M	0.2%	$24.97	—	SHS PAR	Y8162K204
ABBV	ABBVIE INC	7,747	$1.949M	0.1%	$251.64	—	COM	00287Y109
CMBT	CMB.TECH NV	100,000	$1.399M	0.0%	$13.99	—	SHS	B38564108
SA	SEABRIDGE GOLD INC	52,551	$1.353M	0.0%	$25.74	—	COM	811927102
PEP	PEPSICO INC	9,303	$1.26M	0.0%	$135.40	—	COM	713448108
TRMD	TORM PLC	46,360	$1.208M	0.0%	$26.06	—	SHS CL A	G89479102
WMT	WALMART INC	9,900	$1.121M	0.0%	$113.26	—	COM	931142103
TGB	TREKOR METALS LTD	159,377	$1.098M	0.0%	$6.89	—	COM	89472Y107
KO	COCA COLA CO	12,432	$1.01M	0.0%	$81.27	—	COM	191216100
EROK	EAGLEROCK LD LLC	46,932	$997K	0.0%	$21.25	—	CL A SHS REP LTD	27005A105
IBM	INTERNATIONAL BUSINESS MACHS	3,000	$844K	0.0%	$281.21	—	COM	459200101
USB	US BANCORP	11,978	$723K	0.0%	$60.40	—	COM NEW	902973304
USAR	USA RARE EARTH INC	32,751	$707K	0.0%	$21.58	—	COM	91733P107
MCK	MCKESSON CORP	922	$697K	0.0%	$755.49	—	COM	58155Q103
ABT	ABBOTT LABORATORIES	6,965	$632K	0.0%	$90.74	—	COM	002824100
ZIM	ZIM INTEGRATED SHIPPING SERV	24,000	$624K	0.0%	$26.00	—	SHS	M9T951109
YUM	YUM BRANDS INC	3,600	$575K	0.0%	$159.86	—	COM	988498101
GOOGL	ALPHABET INC	1,448	$518K	0.0%	$357.41	—	CAP STK CL A	02079K305
NVGS	NAVIGATOR HLDGS LTD	26,350	$491K	0.0%	$18.63	—	SHS	Y62132108
BMY	BRISTOL-MYERS SQUIBB CO	8,515	$491K	0.0%	$57.62	—	COM	110122108
MU	MICRON TECHNOLOGY INC	400	$462K	0.0%	$1154.29	—	COM	595112103
JNJ	JOHNSON & JOHNSON	1,737	$441K	0.0%	$253.97	—	COM	478160104
BRK/B	BERKSHIRE HATHAWAY INC DEL	875	$438K	0.0%	$500.39	—	CL B NEW	084670702
MRK	MERCK & CO INC	3,300	$424K	0.0%	$128.50	—	COM	58933Y105
VYM	VANGUARD WHITEHALL FDS	2,537	$401K	0.0%	$158.03	—	HIGH DIV YLD	921946406
NEE	NEXTERA ENERGY INC	4,000	$351K	0.0%	$87.77	—	COM	65339F101
TRV	TRAVELERS COMPANIES INC	942	$311K	0.0%	$330.12	—	COM	89417E109
WEC	WEC ENERGY GROUP INC	2,540	$297K	0.0%	$116.77	—	COM	92939U106
SBMT	SILVER BOW MNG CORP	40,000	$270K	0.0%	$6.76	—	COMMON SHARES	827427105
HAL	HALLIBURTON CO	7,900	$268K	0.0%	$33.95	—	COM	406216101
PG	PROCTER & GAMBLE CO	1,770	$260K	0.0%	$146.64	—	COM	742718109
ARCC	ARES CAPITAL CORP	13,389	$248K	0.0%	$18.53	—	COM	04010L103
LLY	ELI LILLY & CO	200	$240K	0.0%	$1199.43	—	COM	532457108
INTC	INTEL CORP	1,707	$238K	0.0%	$139.63	—	COM	458140100
IREN	IREN LIMITED	5,010	$229K	0.0%	$45.73	—	ORDINARY SHARES	Q4982L109
PFE	PFIZER INC	9,380	$226K	0.0%	$24.08	—	COM	717081103
HACK	AMPLIFY ETF TR	2,100	$220K	0.0%	$104.93	—	AMPLIFY CYBERSEC	032108664
HD	HOME DEPOT INC	600	$212K	0.0%	$352.68	—	COM	437076102
META	META PLATFORMS INC	370	$208K	0.0%	$563.29	—	CL A	30303M102
MSFT	MICROSOFT CORP	550	$205K	0.0%	$373.02	—	COM	594918104
LAND	GLADSTONE LD CORP	20,010	$171K	0.0%	$8.53	—	COM	376549101
BTE	BAYTEX ENERGY CORP	14,000	$56,000	0.0%	$4.00	—	COM	07317Q105
KLTO	GREENLAND MINES LTD	20,000	$5,200	0.0%	$0.26	—	COM	49876K103

Increased Positions (82)

AEM AGNICO EAGLE MINES LTD 3.4%

Value $108M (-22.6%) Shares 693,786 (+1.3%) Est. Cost $50.53 Unrealized —

SSRM SSR MINING IN 1.6%

Value $49.98M (+161.0%) Shares 1,767,322 (+171.3%) Est. Cost $21.80 Unrealized —

BIL SPDR SERIES TRUST 3.2%

Value $101M (+25.4%) Shares 1,100,998 (+25.4%) Est. Cost $91.65 Unrealized —

SKE SKEENA RES LTD NEW 1.5%

Value $47.87M (+58.2%) Shares 1,796,605 (+76.5%) Est. Cost $17.54 Unrealized —

OR OR ROYALTIES INC 2.4%

Value $77.13M (-14.2%) Shares 2,438,086 (+3.2%) Est. Cost $24.33 Unrealized —

GFI GOLD FIELDS LTD 0.5%

Value $16.79M (+293.5%) Shares 499,952 (+431.8%) Est. Cost $32.78 Unrealized —

EXK ENDEAVOUR SILVER CORP 1.2%

Value $36.93M (+47.5%) Shares 4,459,995 (+65.9%) Est. Cost $6.27 Unrealized —

PSLV SPROTT ASSET MANAGEMENT LP 1.0%

Value $31.64M (-21.7%) Shares 1,676,600 (+1.2%) Est. Cost $10.64 Unrealized —

EGO ELDORADO GOLD CORP NEW 1.9%

Value $59M (+13.7%) Shares 1,897,863 (+25.6%) Est. Cost $20.53 Unrealized —

HRB BLOCK H & R INC 0.3%

Value $10.85M (+107.2%) Shares 285,000 (+72.7%) Est. Cost $39.16 Unrealized —

PPLT ABRDN PLATINUM ETF TRUST 0.1%

Value $4.673M (-54.2%) Shares 330,730 (+478.3%) Est. Cost $35.46 Unrealized —

PAAS PAN AMERN SILVER CORP 2.6%

Value $82.52M (+5.9%) Shares 1,842,274 (+29.2%) Est. Cost $38.97 Unrealized —

WLK WESTLAKE CORPORATION 0.4%

Value $11.69M (-24.6%) Shares 160,110 (+20.7%) Est. Cost $74.71 Unrealized —

MTA METALLA RTY & STREAMING LTD 0.5%

Value $14.2M (+33.9%) Shares 1,866,248 (+16.7%) Est. Cost $5.81 Unrealized —

METL SPROTT FDS TR 0.4%

Value $13.75M (+34.0%) Shares 534,445 (+40.1%) Est. Cost $23.55 Unrealized —

CF CF INDUSTRIES HOLD 0.9%

Value $27.85M (-9.5%) Shares 257,244 (+8.6%) Est. Cost $77.65 Unrealized —

VMET VERSAMET ROYALTIES CORP 0.2%

Value $4.937M (+138.7%) Shares 401,720 (+84.6%) Est. Cost $10.78 Unrealized —

CALM CAL MAINE FOODS INC 0.9%

Value $27.61M (+9.8%) Shares 342,780 (+7.9%) Est. Cost $68.35 Unrealized —

SIL GLOBAL X FDS 0.2%

Value $6.261M (+64.2%) Shares 80,834 (+91.0%) Est. Cost $55.94 Unrealized —

AG FIRST MAJESTIC SILVER CORP 0.3%

Value $10.17M (-16.8%) Shares 599,877 (+5.3%) Est. Cost $7.86 Unrealized —

ELE ELEMENTAL RTY CORP 1.1%

Value $33.6M (-5.2%) Shares 1,924,389 (+2.3%) Est. Cost $15.59 Unrealized —

LZM LIFEZONE METALS LIMITED 0.1%

Value $2.131M (+590.4%) Shares 549,206 (+497.9%) Est. Cost $4.61 Unrealized —

UEC URANIUM ENERGY CORP 0.3%

Value $8.33M (-17.6%) Shares 781,383 (+4.3%) Est. Cost $7.93 Unrealized —

SGDM SPROTT ETF TRUST 0.1%

Value $4.001M (+76.4%) Shares 63,638 (+111.8%) Est. Cost $52.18 Unrealized —

AAPL APPLE INC 0.1%

Value $2.81M (+130.1%) Shares 9,711 (+101.8%) Est. Cost $239.38 Unrealized —

SGOV ISHARES TR 0.1%

Value $2.402M (+151.5%) Shares 23,858 (+151.5%) Est. Cost $100.62 Unrealized —

GNTX GENTEX CORP 0.1%

Value $4.043M (+54.2%) Shares 160,000 (+33.3%) Est. Cost $24.40 Unrealized —

NXE NEXGEN ENERGY LTD 0.2%

Value $6.88M (-16.1%) Shares 732,887 (+3.7%) Est. Cost $5.49 Unrealized —

MP MP MATERIALS CORP 0.3%

Value $8.187M (+17.9%) Shares 146,179 (+1.5%) Est. Cost $46.55 Unrealized —

BKE BUCKLE INC 0.3%

Value $9.917M (-10.5%) Shares 235,000 (+6.8%) Est. Cost $14.43 Unrealized —

NFGC NEW FOUND GOLD CORP 0.5%

Value $16.15M (+7.7%) Shares 10,474,172 (+35.6%) Est. Cost $1.84 Unrealized —

LB LANDBRIDGE COMPANY LLC 0.3%

Value $7.929M (+16.5%) Shares 100,059 (+1.5%) Est. Cost $46.98 Unrealized —

HYMC HYCROFT MINING HOLDING CORP 0.1%

Value $2.852M (-27.7%) Shares 121,878 (+8.8%) Est. Cost $5.00 Unrealized —

TPL TEXAS PACIFIC LAND CORPORATI 0.6%

Value $18.93M (-5.2%) Shares 43,257 (+2.8%) Est. Cost $305.56 Unrealized —

— ISHARES TR 0.4%

Value $13.45M (+7.2%) Shares 143,700 (+9.3%) Est. Cost — Unrealized —

DC DAKOTA GOLD CORP 0.2%

Value $5.439M (-12.6%) Shares 1,276,713 (+3.6%) Est. Cost $2.90 Unrealized —

HBM HUDBAY MINERALS INC 0.1%

Value $3.707M (+26.0%) Shares 157,092 (+11.7%) Est. Cost $17.11 Unrealized —

ALB ALBEMARLE CORP 0.1%

Value $2.751M (-21.4%) Shares 20,375 (+4.5%) Est. Cost $124.93 Unrealized —

STNG SCORPIO TANKERS INC 0.0%

Value $1.489M (+99.4%) Shares 21,500 (+115.0%) Est. Cost $71.77 Unrealized —

ASC ARDMORE SHIPPING CORP 0.1%

Value $2.666M (+27.3%) Shares 190,300 (+38.6%) Est. Cost $13.07 Unrealized —

NTR NUTRIEN LTD 0.1%

Value $3.359M (-14.3%) Shares 53,353 (+2.8%) Est. Cost $44.60 Unrealized —

GBUG SPROTT FDS TR 0.2%

Value $7.162M (-7.1%) Shares 183,418 (+8.1%) Est. Cost $23.04 Unrealized —

GOOG ALPHABET INC 0.0%

Value $809K (+193.9%) Shares 2,291 (+138.6%) Est. Cost $325.26 Unrealized —

FSM FORTUNA MNG CORP 0.1%

Value $2.676M (+23.7%) Shares 316,718 (+45.4%) Est. Cost $6.07 Unrealized —

SPY STATE STR SPDR S&P 500 ETF T 0.0%

Value $738K (+222.1%) Shares 988 (+180.7%) Est. Cost $701.01 Unrealized —

BTG B2GOLD CORP 0.1%

Value $2.6M (+23.5%) Shares 695,251 (+49.6%) Est. Cost $3.19 Unrealized —

USAS AMERICAS GOLD AND SILVER COR 0.2%

Value $5.215M (-8.5%) Shares 1,104,351 (+1.2%) Est. Cost $2.90 Unrealized —

AMZN AMAZON COM INC 0.0%

Value $1.229M (+61.4%) Shares 5,155 (+41.0%) Est. Cost $183.11 Unrealized —

CCJ CAMECO CORP 0.7%

Value $21.9M (-1.9%) Shares 214,954 (+4.6%) Est. Cost $55.24 Unrealized —

TEN TSAKOS ENERGY NAVIGATION LTD 0.1%

Value $3.282M (+14.3%) Shares 92,800 (+27.5%) Est. Cost $26.68 Unrealized —

FCX FREEPORT MCMORAN INC 0.1%

Value $3.678M (+11.4%) Shares 58,482 (+4.1%) Est. Cost $46.44 Unrealized —

SGDJ SPROTT ETF TRUST 0.1%

Value $2.508M (-10.8%) Shares 33,252 (+1.8%) Est. Cost $41.49 Unrealized —

CME CME GROUP INC 0.0%

Value $1.432M (-17.3%) Shares 6,484 (+10.6%) Est. Cost $192.60 Unrealized —

DNN DENISON MINES CORP 0.2%

Value $5.038M (-5.1%) Shares 1,646,349 (+9.5%) Est. Cost $2.13 Unrealized —

SQM SOCIEDAD QUIMICA Y MINERA DE 0.1%

Value $4.722M (-4.6%) Shares 63,778 (+4.2%) Est. Cost $61.02 Unrealized —

SLVR SPROTT FDS TR 0.0%

Value $871K (+32.6%) Shares 17,359 (+56.4%) Est. Cost $48.57 Unrealized —

DVN DEVON ENERGY CORP NEW 0.0%

Value $1.315M (-13.4%) Shares 31,814 (+5.4%) Est. Cost $36.87 Unrealized —

SBSW SIBANYE STILLWATER LTD 0.0%

Value $462K (-28.5%) Shares 54,429 (+3.7%) Est. Cost $12.18 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value $629K (-20.6%) Shares 5,110 (+1.4%) Est. Cost $137.47 Unrealized —

SLB SLB LIMITED 0.2%

Value $7.248M (+2.3%) Shares 155,912 (+13.1%) Est. Cost $39.89 Unrealized —

CTGO CONTANGO SILVER & GOLD INC 0.0%

Value $1.494M (+11.3%) Shares 94,584 (+32.1%) Est. Cost $25.52 Unrealized —

EXP EAGLE MATLS INC 0.0%

Value $865K (+20.0%) Shares 3,843 (+1.0%) Est. Cost $235.42 Unrealized —

NIKL SPROTT FDS TR 0.0%

Value $594K (-18.6%) Shares 46,815 (+2.6%) Est. Cost $15.82 Unrealized —

ORLA ORLA MNG LTD NEW 0.0%

Value $819K (+17.2%) Shares 83,661 (+93.2%) Est. Cost $7.10 Unrealized —

TSLA TESLA INC 0.0%

Value $807K (+16.0%) Shares 1,918 (+2.5%) Est. Cost $297.31 Unrealized —

EOG EOG RES INC 0.0%

Value $411K (+33.5%) Shares 3,171 (+48.8%) Est. Cost $117.91 Unrealized —

WRN WESTERN COPPER & GOLD CORP 0.0%

Value $295K (+34.4%) Shares 131,830 (+51.8%) Est. Cost $2.68 Unrealized —

CTVA CORTEVA INC 0.1%

Value $3.19M (+2.4%) Shares 37,662 (+1.2%) Est. Cost $44.81 Unrealized —

NAK NORTHERN DYNASTY MINERALS LT 0.0%

Value $160K (+74.8%) Shares 83,488 (+27.5%) Est. Cost $1.98 Unrealized —

IFF INTERNATIONAL FLAVORS&FRAGRA 0.0%

Value $540K (+12.1%) Shares 6,816 (+2.7%) Est. Cost $76.72 Unrealized —

SILJ AMPLIFY ETF TR 0.0%

Value $554K (-9.2%) Shares 21,376 (+4.1%) Est. Cost $16.63 Unrealized —

BG BUNGE GLOBAL SA 0.0%

Value $260K (-15.0%) Shares 2,440 (+1.3%) Est. Cost $111.97 Unrealized —

INGR INGREDION INC 0.0%

Value $312K (-12.7%) Shares 3,291 (+3.9%) Est. Cost $112.82 Unrealized —

CVX CHEVRON CORPORATION 0.0%

Value $1.367M (-3.2%) Shares 8,247 (+20.9%) Est. Cost $158.02 Unrealized —

SCZM SANTACRUZ SILVER MNG LTD 0.1%

Value $2.443M (-1.1%) Shares 376,646 (+32.0%) Est. Cost $8.13 Unrealized —

ODVWZ OSISKO DEVELOPMENT CORP 0.0%

Value $8,975 (-75.0%) Shares 149,087 (+3.7%) Est. Cost $0.17 Unrealized —

BILS SPDR SERIES TRUST 0.0%

Value $350K (+6.6%) Shares 3,520 (+6.7%) Est. Cost $99.44 Unrealized —

XOP SPDR SERIES TRUST 0.0%

Value $223K (-4.7%) Shares 1,448 (+12.3%) Est. Cost $178.80 Unrealized —

MOS MOSAIC CO 0.0%

Value $211K (-2.5%) Shares 9,961 (+17.3%) Est. Cost $26.89 Unrealized —

— HECLA MINING COMPANY 0.0%

Value $237K (-2.2%) Shares 15,000 (+15.4%) Est. Cost — Unrealized —

KMI KINDER MORGAN INC DEL 0.0%

Value $508K (-0.5%) Shares 15,890 (+4.3%) Est. Cost $27.14 Unrealized —

COP CONOCOPHILLIPS 0.0%

Value $357K (-0.2%) Shares 3,437 (+26.7%) Est. Cost $92.96 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AEM	AGNICO EAGLE MINES LTD	693,786 (+1.3%)	$108M (-22.6%)	3.4%	$50.53	—	COM	008474108
SSRM	SSR MINING IN	1,767,322 (+171.3%)	$49.98M (+161.0%)	1.6%	$21.80	—	COM	784730103
BIL	SPDR SERIES TRUST	1,100,998 (+25.4%)	$101M (+25.4%)	3.2%	$91.65	—	ST STR BLO 1 ETF	78468R663
SKE	SKEENA RES LTD NEW	1,796,605 (+76.5%)	$47.87M (+58.2%)	1.5%	$17.54	—	COM	83056P715
OR	OR ROYALTIES INC	2,438,086 (+3.2%)	$77.13M (-14.2%)	2.4%	$24.33	—	COM SHS	68390D106
GFI	GOLD FIELDS LTD	499,952 (+431.8%)	$16.79M (+293.5%)	0.5%	$32.78	—	SPONSORED ADR	38059T106
EXK	ENDEAVOUR SILVER CORP	4,459,995 (+65.9%)	$36.93M (+47.5%)	1.2%	$6.27	—	COM	29258Y103
PSLV	SPROTT ASSET MANAGEMENT LP	1,676,600 (+1.2%)	$31.64M (-21.7%)	1.0%	$10.64	—	PHYSICAL SILVER	85207K107
EGO	ELDORADO GOLD CORP NEW	1,897,863 (+25.6%)	$59M (+13.7%)	1.9%	$20.53	—	COM	284902509
HRB	BLOCK H & R INC	285,000 (+72.7%)	$10.85M (+107.2%)	0.3%	$39.16	—	COM	093671105
PPLT	ABRDN PLATINUM ETF TRUST	330,730 (+478.3%)	$4.673M (-54.2%)	0.1%	$35.46	—	PHYSCL PLATM SHS	003260106
PAAS	PAN AMERN SILVER CORP	1,842,274 (+29.2%)	$82.52M (+5.9%)	2.6%	$38.97	—	COM	697900108
WLK	WESTLAKE CORPORATION	160,110 (+20.7%)	$11.69M (-24.6%)	0.4%	$74.71	—	COM	960413102
MTA	METALLA RTY & STREAMING LTD	1,866,248 (+16.7%)	$14.2M (+33.9%)	0.5%	$5.81	—	COM NEW	59124U605
METL	SPROTT FDS TR	534,445 (+40.1%)	$13.75M (+34.0%)	0.4%	$23.55	—	ACTIVE METALS	85208P857
CF	CF INDUSTRIES HOLD	257,244 (+8.6%)	$27.85M (-9.5%)	0.9%	$77.65	—	COM	125269100
VMET	VERSAMET ROYALTIES CORP	401,720 (+84.6%)	$4.937M (+138.7%)	0.2%	$10.78	—	COM NEW	92528V200
CALM	CAL MAINE FOODS INC	342,780 (+7.9%)	$27.61M (+9.8%)	0.9%	$68.35	—	COM NEW	128030202
SIL	GLOBAL X FDS	80,834 (+91.0%)	$6.261M (+64.2%)	0.2%	$55.94	—	GLOBAL X SILVER	37954Y848
AG	FIRST MAJESTIC SILVER CORP	599,877 (+5.3%)	$10.17M (-16.8%)	0.3%	$7.86	—	COM	32076V103
ELE	ELEMENTAL RTY CORP	1,924,389 (+2.3%)	$33.6M (-5.2%)	1.1%	$15.59	—	COM NEW	28620K106
LZM	LIFEZONE METALS LIMITED	549,206 (+497.9%)	$2.131M (+590.4%)	0.1%	$4.61	—	ORD SHS	G5568L109
UEC	URANIUM ENERGY CORP	781,383 (+4.3%)	$8.33M (-17.6%)	0.3%	$7.93	—	COM	916896103
SGDM	SPROTT ETF TRUST	63,638 (+111.8%)	$4.001M (+76.4%)	0.1%	$52.18	—	GOLD MINERS ETF	85210B102
AAPL	APPLE INC	9,711 (+101.8%)	$2.81M (+130.1%)	0.1%	$239.38	—	COM	037833100
SGOV	ISHARES TR	23,858 (+151.5%)	$2.402M (+151.5%)	0.1%	$100.62	—	0-3 MTH TREASURY	46436E718
GNTX	GENTEX CORP	160,000 (+33.3%)	$4.043M (+54.2%)	0.1%	$24.40	—	COM	371901109
NXE	NEXGEN ENERGY LTD	732,887 (+3.7%)	$6.88M (-16.1%)	0.2%	$5.49	—	COM	65340P106
MP	MP MATERIALS CORP	146,179 (+1.5%)	$8.187M (+17.9%)	0.3%	$46.55	—	COM CL A	553368101
BKE	BUCKLE INC	235,000 (+6.8%)	$9.917M (-10.5%)	0.3%	$14.43	—	COM	118440106
NFGC	NEW FOUND GOLD CORP	10,474,172 (+35.6%)	$16.15M (+7.7%)	0.5%	$1.84	—	COM	64440N103
LB	LANDBRIDGE COMPANY LLC	100,059 (+1.5%)	$7.929M (+16.5%)	0.3%	$46.98	—	CL A	514952100
HYMC	HYCROFT MINING HOLDING CORP	121,878 (+8.8%)	$2.852M (-27.7%)	0.1%	$5.00	—	CL A NEW	44862P208
TPL	TEXAS PACIFIC LAND CORPORATI	43,257 (+2.8%)	$18.93M (-5.2%)	0.6%	$305.56	—	COM	88262P102
—	ISHARES TR	143,700 (+9.3%)	$13.45M (+7.2%)	0.4%	—	—	CALL	464287900
DC	DAKOTA GOLD CORP	1,276,713 (+3.6%)	$5.439M (-12.6%)	0.2%	$2.90	—	COM	46655E100
HBM	HUDBAY MINERALS INC	157,092 (+11.7%)	$3.707M (+26.0%)	0.1%	$17.11	—	COM	443628102
ALB	ALBEMARLE CORP	20,375 (+4.5%)	$2.751M (-21.4%)	0.1%	$124.93	—	COM	012653101
STNG	SCORPIO TANKERS INC	21,500 (+115.0%)	$1.489M (+99.4%)	0.0%	$71.77	—	SHS	Y7542C130
ASC	ARDMORE SHIPPING CORP	190,300 (+38.6%)	$2.666M (+27.3%)	0.1%	$13.07	—	COM	Y0207T100
NTR	NUTRIEN LTD	53,353 (+2.8%)	$3.359M (-14.3%)	0.1%	$44.60	—	COM	67077M108
GBUG	SPROTT FDS TR	183,418 (+8.1%)	$7.162M (-7.1%)	0.2%	$23.04	—	ACTI GOL SIL ETF	85208P865
GOOG	ALPHABET INC	2,291 (+138.6%)	$809K (+193.9%)	0.0%	$325.26	—	CAP STK CL C	02079K107
FSM	FORTUNA MNG CORP	316,718 (+45.4%)	$2.676M (+23.7%)	0.1%	$6.07	—	COM NEW	349942102
SPY	STATE STR SPDR S&P 500 ETF T	988 (+180.7%)	$738K (+222.1%)	0.0%	$701.01	—	TR UNIT	78462F103
BTG	B2GOLD CORP	695,251 (+49.6%)	$2.6M (+23.5%)	0.1%	$3.19	—	COM	11777Q209
USAS	AMERICAS GOLD AND SILVER COR	1,104,351 (+1.2%)	$5.215M (-8.5%)	0.2%	$2.90	—	COM NEW	03062D803
AMZN	AMAZON COM INC	5,155 (+41.0%)	$1.229M (+61.4%)	0.0%	$183.11	—	COM	023135106
CCJ	CAMECO CORP	214,954 (+4.6%)	$21.9M (-1.9%)	0.7%	$55.24	—	COM	13321L108
TEN	TSAKOS ENERGY NAVIGATION LTD	92,800 (+27.5%)	$3.282M (+14.3%)	0.1%	$26.68	—	SHS	G9108L173
FCX	FREEPORT MCMORAN INC	58,482 (+4.1%)	$3.678M (+11.4%)	0.1%	$46.44	—	CL B	35671D857
SGDJ	SPROTT ETF TRUST	33,252 (+1.8%)	$2.508M (-10.8%)	0.1%	$41.49	—	JR GOLD MINERS E	85210B201
CME	CME GROUP INC	6,484 (+10.6%)	$1.432M (-17.3%)	0.0%	$192.60	—	COM	12572Q105
DNN	DENISON MINES CORP	1,646,349 (+9.5%)	$5.038M (-5.1%)	0.2%	$2.13	—	COM	248356107
SQM	SOCIEDAD QUIMICA Y MINERA DE	63,778 (+4.2%)	$4.722M (-4.6%)	0.1%	$61.02	—	SPON ADR SER B	833635105
SLVR	SPROTT FDS TR	17,359 (+56.4%)	$871K (+32.6%)	0.0%	$48.57	—	SILVER MINERS	85208P873
DVN	DEVON ENERGY CORP NEW	31,814 (+5.4%)	$1.315M (-13.4%)	0.0%	$36.87	—	COM	25179M103
SBSW	SIBANYE STILLWATER LTD	54,429 (+3.7%)	$462K (-28.5%)	0.0%	$12.18	—	SPONSORED ADR	82575P107
ICE	INTERCONTINENTAL EXCHANGE IN	5,110 (+1.4%)	$629K (-20.6%)	0.0%	$137.47	—	COM	45866F104
SLB	SLB LIMITED	155,912 (+13.1%)	$7.248M (+2.3%)	0.2%	$39.89	—	COM STK	806857108
CTGO	CONTANGO SILVER & GOLD INC	94,584 (+32.1%)	$1.494M (+11.3%)	0.0%	$25.52	—	COM	21077F100
EXP	EAGLE MATLS INC	3,843 (+1.0%)	$865K (+20.0%)	0.0%	$235.42	—	COM	26969P108
NIKL	SPROTT FDS TR	46,815 (+2.6%)	$594K (-18.6%)	0.0%	$15.82	—	NICKE MINER ETF	85208P600
ORLA	ORLA MNG LTD NEW	83,661 (+93.2%)	$819K (+17.2%)	0.0%	$7.10	—	COM	68634K106
TSLA	TESLA INC	1,918 (+2.5%)	$807K (+16.0%)	0.0%	$297.31	—	COM	88160R101
EOG	EOG RES INC	3,171 (+48.8%)	$411K (+33.5%)	0.0%	$117.91	—	COM	26875P101
WRN	WESTERN COPPER & GOLD CORP	131,830 (+51.8%)	$295K (+34.4%)	0.0%	$2.68	—	COM	95805V108
CTVA	CORTEVA INC	37,662 (+1.2%)	$3.19M (+2.4%)	0.1%	$44.81	—	COM	22052L104
NAK	NORTHERN DYNASTY MINERALS LT	83,488 (+27.5%)	$160K (+74.8%)	0.0%	$1.98	—	COM NEW	66510M204
IFF	INTERNATIONAL FLAVORS&FRAGRA	6,816 (+2.7%)	$540K (+12.1%)	0.0%	$76.72	—	COM	459506101
SILJ	AMPLIFY ETF TR	21,376 (+4.1%)	$554K (-9.2%)	0.0%	$16.63	—	JR SILV MINE ETF	032108649
BG	BUNGE GLOBAL SA	2,440 (+1.3%)	$260K (-15.0%)	0.0%	$111.97	—	COM SHS	H11356104
INGR	INGREDION INC	3,291 (+3.9%)	$312K (-12.7%)	0.0%	$112.82	—	COM	457187102
CVX	CHEVRON CORPORATION	8,247 (+20.9%)	$1.367M (-3.2%)	0.0%	$158.02	—	COM	166764100
SCZM	SANTACRUZ SILVER MNG LTD	376,646 (+32.0%)	$2.443M (-1.1%)	0.1%	$8.13	—	COM NEW SHS	80280U205
ODVWZ	OSISKO DEVELOPMENT CORP	149,087 (+3.7%)	$8,975 (-75.0%)	0.0%	$0.17	—	*W EXP 05/27/202	68828E239
BILS	SPDR SERIES TRUST	3,520 (+6.7%)	$350K (+6.6%)	0.0%	$99.44	—	ST STR BL 12 ETF	78468R523
XOP	SPDR SERIES TRUST	1,448 (+12.3%)	$223K (-4.7%)	0.0%	$178.80	—	SP O&G EXPL PRO	78468R556
MOS	MOSAIC CO	9,961 (+17.3%)	$211K (-2.5%)	0.0%	$26.89	—	COM	61945C103
—	HECLA MINING COMPANY	15,000 (+15.4%)	$237K (-2.2%)	0.0%	—	—	CALL	422704906
KMI	KINDER MORGAN INC DEL	15,890 (+4.3%)	$508K (-0.5%)	0.0%	$27.14	—	COM	49456B101
COP	CONOCOPHILLIPS	3,437 (+26.7%)	$357K (-0.2%)	0.0%	$92.96	—	COM	20825C104

Exited Positions (22)

COPX GLOBAL X FDS 0.1%

Value $2.569M Shares 33,645 Est. Cost $58.15 Unrealized —

NE NOBLE CORP PLC 0.1%

Value $1.963M Shares 40,000 Est. Cost $37.17 Unrealized —

SA SEABRIDGE GOLD INC 0.0%

Value $1.401M Shares 49,426 Est. Cost $17.95 Unrealized —

TQQQ PROSHARES TR 0.0%

Value $1.284M Shares 30,800 Est. Cost $62.60 Unrealized —

SSO PROSHARES TR 0.0%

Value $1.266M Shares 24,400 Est. Cost $74.05 Unrealized —

— IAMGOLD CORP 0.0%

Value $1.129M Shares 60,000 Est. Cost — Unrealized —

BTU PEABODY ENGR CORP 0.0%

Value $1.055M Shares 32,005 Est. Cost $34.75 Unrealized —

CVE CENOVUS ENERGY INC 0.0%

Value $1.038M Shares 39,141 Est. Cost $17.41 Unrealized —

TGB TASEKO MINES LTD 0.0%

Value $967K Shares 149,345 Est. Cost $5.82 Unrealized —

ALAB ASTERA LABS INC 0.0%

Value $636K Shares 5,800 Est. Cost $164.44 Unrealized —

EWJ ISHARES INC 0.0%

Value $597K Shares 7,070 Est. Cost $72.36 Unrealized —

EQNR EQUINOR ASA 0.0%

Value $422K Shares 10,000 Est. Cost $42.20 Unrealized —

SH PROSHARES TR 0.0%

Value $379K Shares 10,000 Est. Cost $37.93 Unrealized —

— NVIDIA CORPORATION 0.0%

Value $349K Shares 2,000 Est. Cost — Unrealized —

CNL COLLECTIVE MINING LTD 0.0%

Value $319K Shares 18,100 Est. Cost $2.97 Unrealized —

COAL EXCHANGE TRADED CONCEPTS TRU 0.0%

Value $286K Shares 10,435 Est. Cost $27.44 Unrealized —

GDXJ VANECK ETF TRUST 0.0%

Value $240K Shares 2,002 Est. Cost $84.25 Unrealized —

MPC MARATHON PETE CORP 0.0%

Value $225K Shares 922 Est. Cost $184.70 Unrealized —

MAKO MAKO MNG CORP 0.0%

Value $213K Shares 33,325 Est. Cost $6.39 Unrealized —

TMC TMC THE METALS COMPANY INC 0.0%

Value $51,533 Shares 11,035 Est. Cost $1.68 Unrealized —

GRO BRAZIL POTASH CORP 0.0%

Value $32,400 Shares 10,000 Est. Cost $2.56 Unrealized —

— BARRICK MNG CORP 0.0%

Value $0 Shares 71,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
COPX	GLOBAL X FDS	33,645	$2.569M	0.1%	$58.15	—	—	37954Y830
NE	NOBLE CORP PLC	40,000	$1.963M	0.1%	$37.17	—	—	G65431127
SA	SEABRIDGE GOLD INC	49,426	$1.401M	0.0%	$17.95	—	—	811916105
TQQQ	PROSHARES TR	30,800	$1.284M	0.0%	$62.60	—	—	74347X831
SSO	PROSHARES TR	24,400	$1.266M	0.0%	$74.05	—	—	74347R107
—	IAMGOLD CORP	60,000	$1.129M	0.0%	—	—	CALL	450913908
BTU	PEABODY ENGR CORP	32,005	$1.055M	0.0%	$34.75	—	—	704551100
CVE	CENOVUS ENERGY INC	39,141	$1.038M	0.0%	$17.41	—	—	15135U109
TGB	TASEKO MINES LTD	149,345	$967K	0.0%	$5.82	—	—	876511106
ALAB	ASTERA LABS INC	5,800	$636K	0.0%	$164.44	—	—	04626A103
EWJ	ISHARES INC	7,070	$597K	0.0%	$72.36	—	—	46434G822
EQNR	EQUINOR ASA	10,000	$422K	0.0%	$42.20	—	—	29446M102
SH	PROSHARES TR	10,000	$379K	0.0%	$37.93	—	—	74349Y753
—	NVIDIA CORPORATION	2,000	$349K	0.0%	—	—	PUT	67066G954
CNL	COLLECTIVE MINING LTD	18,100	$319K	0.0%	$2.97	—	—	19425C100
COAL	EXCHANGE TRADED CONCEPTS TRU	10,435	$286K	0.0%	$27.44	—	—	301505467
GDXJ	VANECK ETF TRUST	2,002	$240K	0.0%	$84.25	—	—	92189F791
MPC	MARATHON PETE CORP	922	$225K	0.0%	$184.70	—	—	56585A102
MAKO	MAKO MNG CORP	33,325	$213K	0.0%	$6.39	—	—	56089A400
TMC	TMC THE METALS COMPANY INC	11,035	$51,533	0.0%	$1.68	—	—	87261Y106
GRO	BRAZIL POTASH CORP	10,000	$32,400	0.0%	$2.56	—	—	10586A108
—	BARRICK MNG CORP	71,000	$0	0.0%	—	—	CALL	06849F908

Decreased Positions (67)

EQX EQUINOX GOLD CORP 2.8%

Value $88.4M (-35.6%) Shares 9,086,538 (-4.4%) Est. Cost $6.82 Unrealized —

B BARRICK MNG CORP 1.0%

Value $32.08M (-50.8%) Shares 873,186 (-45.3%) Est. Cost $33.93 Unrealized —

IAG IAMGOLD CORP 3.2%

Value $100M (-19.2%) Shares 6,312,748 (-4.0%) Est. Cost $4.59 Unrealized —

THM INTERNATIONAL TOWER HILL MIN 0.0%

Value $290K (-98.7%) Shares 145,500 (-98.5%) Est. Cost $0.51 Unrealized —

CDE COEUR MNG INC 3.4%

Value $106M (-17.3%) Shares 6,486,445 (-4.9%) Est. Cost $6.18 Unrealized —

AGI ALAMOS GOLD INC 0.9%

Value $27.07M (-44.4%) Shares 892,239 (-18.5%) Est. Cost $5.65 Unrealized —

XOM EXXON MOBIL CORP 0.7%

Value $21.52M (-49.3%) Shares 157,390 (-37.1%) Est. Cost $93.96 Unrealized —

PPTA PERPETUA RESOURCES CORP 1.4%

Value $43.03M (-32.3%) Shares 2,072,699 (-8.4%) Est. Cost $7.99 Unrealized —

WPM WHEATON PRECIOUS METALS CORP 3.0%

Value $94.97M (-17.1%) Shares 844,608 (-3.3%) Est. Cost $44.93 Unrealized —

KGC KINROSS GOLD CORP 1.5%

Value $48.45M (-27.9%) Shares 2,050,997 (-6.8%) Est. Cost $6.57 Unrealized —

IAUX I-80 GOLD CORP 1.2%

Value $38.46M (-29.3%) Shares 26,525,350 (-26.0%) Est. Cost $1.36 Unrealized —

AU ANGLOGOLD ASHANTI PLC 1.5%

Value $47.56M (-22.7%) Shares 587,914 (-6.9%) Est. Cost $35.85 Unrealized —

PHYS SPROTT ASSET MANAGEMENT LP 2.0%

Value $61.97M (-17.1%) Shares 2,054,043 (-2.6%) Est. Cost $19.01 Unrealized —

RGLD ROYAL GOLD INC 0.9%

Value $27.87M (-27.5%) Shares 139,629 (-7.6%) Est. Cost $171.36 Unrealized —

NUE NUCOR CORP 1.3%

Value $41.29M (+18.3%) Shares 185,368 (-10.2%) Est. Cost $144.19 Unrealized —

VZLA VIZSLA SILVER CORP 1.6%

Value $50.71M (-10.2%) Shares 15,429,214 (-9.6%) Est. Cost $1.72 Unrealized —

— STATE STR SPDR S&P 500 ETF T 2.1%

Value $65.5M (-7.9%) Shares 87,200 (-20.3%) Est. Cost — Unrealized —

CEF SPROTT ASSET MANAGEMENT LP 0.8%

Value $25.61M (-17.3%) Shares 636,665 (-1.9%) Est. Cost $20.28 Unrealized —

TFPM TRIPLE FLAG PRECIOUS METAL 1.0%

Value $30.34M (-14.8%) Shares 1,012,375 (-1.3%) Est. Cost $17.64 Unrealized —

VSH VISHAY INTERTECHNOLOGY INC 0.0%

Value $1.076M (-80.1%) Shares 20,000 (-93.3%) Est. Cost $18.51 Unrealized —

ODV OSISKO DEVELOPMENT CORP 0.0%

Value $689K (-84.8%) Shares 279,971 (-80.0%) Est. Cost $3.48 Unrealized —

PBR PETROLEO BRASILEIRO S A 0.0%

Value $1.301M (-72.7%) Shares 80,510 (-65.0%) Est. Cost $20.75 Unrealized —

HP HELMERICH & PAYNE INC 0.9%

Value $27.61M (-10.6%) Shares 843,458 (-1.6%) Est. Cost $31.52 Unrealized —

NEM NEWMONT CORP 0.5%

Value $14.52M (-17.7%) Shares 155,464 (-4.6%) Est. Cost $53.43 Unrealized —

CRUS CIRRUS LOGIC INC 0.3%

Value $10.1M (-20.6%) Shares 68,000 (-22.7%) Est. Cost $82.91 Unrealized —

— UNITED STS OIL FD LP 0.0%

Value $240K (-91.4%) Shares 2,000 (-90.9%) Est. Cost — Unrealized —

— INVESCO QQQ TR 0.6%

Value $18.45M (+15.4%) Shares 25,700 (-7.2%) Est. Cost — Unrealized —

— ASA GOLD AND PRECIOUS MTLS L 0.3%

Value $10.16M (-18.2%) Shares 195,183 (-2.5%) Est. Cost $24.47 Unrealized —

UROY URANIUM RTY CORP 0.1%

Value $4.4M (-25.5%) Shares 1,582,620 (-2.2%) Est. Cost $2.28 Unrealized —

RS RELIANCE INC 0.6%

Value $17.5M (+8.0%) Shares 46,844 (-12.1%) Est. Cost $168.59 Unrealized —

SU SUNCOR ENERGY INC NEW 0.0%

Value $479K (-70.9%) Shares 8,919 (-64.2%) Est. Cost $51.81 Unrealized —

SPPP SPROTT ASSET MANAGEMENT LP 0.0%

Value $1.392M (-44.0%) Shares 111,792 (-30.1%) Est. Cost $13.68 Unrealized —

XLE SELECT SECTOR SPDR TR 0.0%

Value $1.318M (-41.4%) Shares 24,814 (-32.4%) Est. Cost $63.64 Unrealized —

HSLV HIGHLANDER SILVER CORP 0.1%

Value $2.839M (-24.1%) Shares 607,789 (-4.6%) Est. Cost $5.87 Unrealized —

CNQ CANADIAN NAT RES LTD MED TER 0.0%

Value $505K (-62.3%) Shares 12,789 (-53.5%) Est. Cost $37.20 Unrealized —

SIVR ABRDN SILVER ETF TRUST 0.1%

Value $2.274M (-23.0%) Shares 40,453 (-1.9%) Est. Cost $38.31 Unrealized —

LNG CHENIERE ENERGY INC 0.1%

Value $2.975M (-18.0%) Shares 12,448 (-2.6%) Est. Cost $162.58 Unrealized —

PWR QUANTA SVCS INC 0.1%

Value $2.285M (+28.0%) Shares 3,173 (-2.4%) Est. Cost $163.34 Unrealized —

— EQUINOX GOLD CORP 0.0%

Value $288K (-62.2%) Shares 29,600 (-43.7%) Est. Cost — Unrealized —

ARIS ARIS MINING CORPORATION 0.0%

Value $233K (-66.1%) Shares 15,649 (-57.8%) Est. Cost $11.35 Unrealized —

STLD STEEL DYNAMICS INC 0.5%

Value $16.84M (-2.4%) Shares 73,381 (-23.5%) Est. Cost $85.20 Unrealized —

URNM SPROTT FDS TR 0.1%

Value $1.618M (-18.3%) Shares 30,772 (-1.9%) Est. Cost $45.33 Unrealized —

VALE VALE S A 0.0%

Value $1.572M (-17.5%) Shares 104,519 (-12.7%) Est. Cost $14.67 Unrealized —

OUNZ VANECK MERK GOLD ETF 0.1%

Value $1.697M (-15.5%) Shares 43,973 (-1.4%) Est. Cost $27.17 Unrealized —

UUUU ENERGY FUELS INC 0.0%

Value $1.089M (-21.8%) Shares 75,125 (-1.6%) Est. Cost $5.57 Unrealized —

— ADAM NAT RES FD INC 0.1%

Value $1.834M (-14.1%) Shares 74,172 (-3.3%) Est. Cost $22.07 Unrealized —

GROY GOLD ROYALTY CORP 0.0%

Value $837K (-24.8%) Shares 303,133 (-2.5%) Est. Cost $2.30 Unrealized —

MUX MCEWEN INC 0.0%

Value $192K (-55.3%) Shares 10,570 (-49.6%) Est. Cost $16.42 Unrealized —

HAFN HAFNIA LTD 0.0%

Value $1.295M (-13.5%) Shares 195,000 (-1.0%) Est. Cost $6.09 Unrealized —

GLDG GOLDMINING INC 0.0%

Value $252K (-42.7%) Shares 277,498 (-24.8%) Est. Cost $0.99 Unrealized —

LRCX LAM RESEARCH CORP 0.0%

Value $217K (-43.7%) Shares 500 (-72.2%) Est. Cost $155.36 Unrealized —

TLT ISHARES TR 0.0%

Value $212K (-41.9%) Shares 2,450 (-41.7%) Est. Cost $86.69 Unrealized —

NVR NVR INC 0.0%

Value $327K (-31.1%) Shares 48 (-33.3%) Est. Cost $7126.16 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.0%

Value $1.576M (-7.7%) Shares 35,134 (-8.5%) Est. Cost $44.51 Unrealized —

DHT DHT HOLDINGS INC 0.0%

Value $1.037M (-10.7%) Shares 62,760 (-1.3%) Est. Cost $14.32 Unrealized —

BHP BHP BILLITON LIMITED 0.0%

Value $1.225M (+9.3%) Shares 14,707 (-4.5%) Est. Cost $59.57 Unrealized —

VGZ VISTA GOLD CORP 0.0%

Value $457K (-18.4%) Shares 239,242 (-16.3%) Est. Cost $0.95 Unrealized —

EWZ ISHARES INC 0.0%

Value $288K (-19.7%) Shares 8,350 (-10.7%) Est. Cost $28.85 Unrealized —

IE IVANHOE ELECTRIC INC 0.0%

Value $150K (-29.9%) Shares 15,609 (-13.8%) Est. Cost $12.17 Unrealized —

TRX TRX GOLD CORPORATION 0.0%

Value $69,149 (-46.2%) Shares 83,817 (-2.2%) Est. Cost $0.47 Unrealized —

CACI CACI INTL INC 0.0%

Value $271K (-16.5%) Shares 584 (-2.0%) Est. Cost $472.93 Unrealized —

NEWP NEW PAC METALS CORP 0.0%

Value $839K (-5.8%) Shares 208,707 (-3.0%) Est. Cost $1.56 Unrealized —

TMQ TRILOGY METALS INC NEW 0.0%

Value $409K (-5.9%) Shares 116,613 (-3.7%) Est. Cost $1.30 Unrealized —

— ENDEAVOUR SILVER CORP 0.0%

Value $101K (-16.3%) Shares 12,500 (-3.8%) Est. Cost — Unrealized —

RIO RIO TINTO PLC 0.0%

Value $299K (-4.3%) Shares 3,147 (-6.0%) Est. Cost $65.54 Unrealized —

LAC LITHIUM AMERS CORP NEW 0.0%

Value $69,346 (-14.6%) Shares 18,012 (-12.4%) Est. Cost $3.94 Unrealized —

FURY FURY GOLD MINES LIMITED 0.0%

Value $18,968 (-22.6%) Shares 35,091 (-12.6%) Est. Cost $0.42 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EQX	EQUINOX GOLD CORP	9,086,538 (-4.4%)	$88.4M (-35.6%)	2.8%	$6.82	—	COM	29446Y502
B	BARRICK MNG CORP	873,186 (-45.3%)	$32.08M (-50.8%)	1.0%	$33.93	—	COM SHS	06849F108
IAG	IAMGOLD CORP	6,312,748 (-4.0%)	$100M (-19.2%)	3.2%	$4.59	—	COM	450913108
THM	INTERNATIONAL TOWER HILL MIN	145,500 (-98.5%)	$290K (-98.7%)	0.0%	$0.51	—	COM	46050R102
CDE	COEUR MNG INC	6,486,445 (-4.9%)	$106M (-17.3%)	3.4%	$6.18	—	COM NEW	192108504
AGI	ALAMOS GOLD INC	892,239 (-18.5%)	$27.07M (-44.4%)	0.9%	$5.65	—	COM CL A	011532108
XOM	EXXON MOBIL CORP	157,390 (-37.1%)	$21.52M (-49.3%)	0.7%	$93.96	—	COM	30231G102
PPTA	PERPETUA RESOURCES CORP	2,072,699 (-8.4%)	$43.03M (-32.3%)	1.4%	$7.99	—	COM	714266103
WPM	WHEATON PRECIOUS METALS CORP	844,608 (-3.3%)	$94.97M (-17.1%)	3.0%	$44.93	—	COM	962879102
KGC	KINROSS GOLD CORP	2,050,997 (-6.8%)	$48.45M (-27.9%)	1.5%	$6.57	—	COM	496902404
IAUX	I-80 GOLD CORP	26,525,350 (-26.0%)	$38.46M (-29.3%)	1.2%	$1.36	—	COM	44955L106
AU	ANGLOGOLD ASHANTI PLC	587,914 (-6.9%)	$47.56M (-22.7%)	1.5%	$35.85	—	COM SHS	G0378L100
PHYS	SPROTT ASSET MANAGEMENT LP	2,054,043 (-2.6%)	$61.97M (-17.1%)	2.0%	$19.01	—	PHYSICAL GOLD TR	85207H104
RGLD	ROYAL GOLD INC	139,629 (-7.6%)	$27.87M (-27.5%)	0.9%	$171.36	—	COM	780287108
NUE	NUCOR CORP	185,368 (-10.2%)	$41.29M (+18.3%)	1.3%	$144.19	—	COM	670346105
VZLA	VIZSLA SILVER CORP	15,429,214 (-9.6%)	$50.71M (-10.2%)	1.6%	$1.72	—	COM NEW	92859G608
—	STATE STR SPDR S&P 500 ETF T	87,200 (-20.3%)	$65.5M (-7.9%)	2.1%	—	—	PUT	78462F953
CEF	SPROTT ASSET MANAGEMENT LP	636,665 (-1.9%)	$25.61M (-17.3%)	0.8%	$20.28	—	PHYSICAL GOLD AN	85208R101
TFPM	TRIPLE FLAG PRECIOUS METAL	1,012,375 (-1.3%)	$30.34M (-14.8%)	1.0%	$17.64	—	COM	89679M104
VSH	VISHAY INTERTECHNOLOGY INC	20,000 (-93.3%)	$1.076M (-80.1%)	0.0%	$18.51	—	COM	928298108
ODV	OSISKO DEVELOPMENT CORP	279,971 (-80.0%)	$689K (-84.8%)	0.0%	$3.48	—	COM NEW	68828E809
PBR	PETROLEO BRASILEIRO S A	80,510 (-65.0%)	$1.301M (-72.7%)	0.0%	$20.75	—	SPONSORED ADR	71654V408
HP	HELMERICH & PAYNE INC	843,458 (-1.6%)	$27.61M (-10.6%)	0.9%	$31.52	—	COM	423452101
NEM	NEWMONT CORP	155,464 (-4.6%)	$14.52M (-17.7%)	0.5%	$53.43	—	COM	651639106
CRUS	CIRRUS LOGIC INC	68,000 (-22.7%)	$10.1M (-20.6%)	0.3%	$82.91	—	COM	172755100
—	UNITED STS OIL FD LP	2,000 (-90.9%)	$240K (-91.4%)	0.0%	—	—	PUT	91232N957
—	INVESCO QQQ TR	25,700 (-7.2%)	$18.45M (+15.4%)	0.6%	—	—	PUT	46090E953
—	ASA GOLD AND PRECIOUS MTLS L	195,183 (-2.5%)	$10.16M (-18.2%)	0.3%	$24.47	—	SHS	G3156P103
UROY	URANIUM RTY CORP	1,582,620 (-2.2%)	$4.4M (-25.5%)	0.1%	$2.28	—	COM	91702V101
RS	RELIANCE INC	46,844 (-12.1%)	$17.5M (+8.0%)	0.6%	$168.59	—	COM	759509102
SU	SUNCOR ENERGY INC NEW	8,919 (-64.2%)	$479K (-70.9%)	0.0%	$51.81	—	COM	867224107
SPPP	SPROTT ASSET MANAGEMENT LP	111,792 (-30.1%)	$1.392M (-44.0%)	0.0%	$13.68	—	PHYSICAL PLATINU	85207Q104
XLE	SELECT SECTOR SPDR TR	24,814 (-32.4%)	$1.318M (-41.4%)	0.0%	$63.64	—	ST STR ENERG ETF	81369Y506
HSLV	HIGHLANDER SILVER CORP	607,789 (-4.6%)	$2.839M (-24.1%)	0.1%	$5.87	—	COM	43087N204
CNQ	CANADIAN NAT RES LTD MED TER	12,789 (-53.5%)	$505K (-62.3%)	0.0%	$37.20	—	COM	136385101
SIVR	ABRDN SILVER ETF TRUST	40,453 (-1.9%)	$2.274M (-23.0%)	0.1%	$38.31	—	PHYSCL SILVR SHS	003264108
LNG	CHENIERE ENERGY INC	12,448 (-2.6%)	$2.975M (-18.0%)	0.1%	$162.58	—	COM NEW	16411R208
PWR	QUANTA SVCS INC	3,173 (-2.4%)	$2.285M (+28.0%)	0.1%	$163.34	—	COM	74762E102
—	EQUINOX GOLD CORP	29,600 (-43.7%)	$288K (-62.2%)	0.0%	—	—	CALL	29446Y902
ARIS	ARIS MINING CORPORATION	15,649 (-57.8%)	$233K (-66.1%)	0.0%	$11.35	—	COM	04040Y109
STLD	STEEL DYNAMICS INC	73,381 (-23.5%)	$16.84M (-2.4%)	0.5%	$85.20	—	COM	858119100
URNM	SPROTT FDS TR	30,772 (-1.9%)	$1.618M (-18.3%)	0.1%	$45.33	—	URANI MINER ETF	85208P303
VALE	VALE S A	104,519 (-12.7%)	$1.572M (-17.5%)	0.0%	$14.67	—	SPONSORED ADS	91912E105
OUNZ	VANECK MERK GOLD ETF	43,973 (-1.4%)	$1.697M (-15.5%)	0.1%	$27.17	—	GOLD SHS	921078101
UUUU	ENERGY FUELS INC	75,125 (-1.6%)	$1.089M (-21.8%)	0.0%	$5.57	—	COM NEW	292671708
—	ADAM NAT RES FD INC	74,172 (-3.3%)	$1.834M (-14.1%)	0.1%	$22.07	—	COM	00548F105
GROY	GOLD ROYALTY CORP	303,133 (-2.5%)	$837K (-24.8%)	0.0%	$2.30	—	COMMON SHARES	38071H106
MUX	MCEWEN INC	10,570 (-49.6%)	$192K (-55.3%)	0.0%	$16.42	—	COM NEW	58039P305
HAFN	HAFNIA LTD	195,000 (-1.0%)	$1.295M (-13.5%)	0.0%	$6.09	—	SHS	Y2990R101
GLDG	GOLDMINING INC	277,498 (-24.8%)	$252K (-42.7%)	0.0%	$0.99	—	COM	38149E101
LRCX	LAM RESEARCH CORP	500 (-72.2%)	$217K (-43.7%)	0.0%	$155.36	—	COM NEW	512807306
TLT	ISHARES TR	2,450 (-41.7%)	$212K (-41.9%)	0.0%	$86.69	—	20 YR TR BD ETF	464287432
NVR	NVR INC	48 (-33.3%)	$327K (-31.1%)	0.0%	$7126.16	—	COM	62944T105
BAM	BROOKFIELD ASSET MANAGMT LTD	35,134 (-8.5%)	$1.576M (-7.7%)	0.0%	$44.51	—	CL A LMT VTG SHS	113004105
DHT	DHT HOLDINGS INC	62,760 (-1.3%)	$1.037M (-10.7%)	0.0%	$14.32	—	SHS NEW	Y2065G121
BHP	BHP BILLITON LIMITED	14,707 (-4.5%)	$1.225M (+9.3%)	0.0%	$59.57	—	SPONSORED ADS	088606108
VGZ	VISTA GOLD CORP	239,242 (-16.3%)	$457K (-18.4%)	0.0%	$0.95	—	COM NEW	927926303
EWZ	ISHARES INC	8,350 (-10.7%)	$288K (-19.7%)	0.0%	$28.85	—	MSCI BRAZIL ETF	464286400
IE	IVANHOE ELECTRIC INC	15,609 (-13.8%)	$150K (-29.9%)	0.0%	$12.17	—	COM	46578C108
TRX	TRX GOLD CORPORATION	83,817 (-2.2%)	$69,149 (-46.2%)	0.0%	$0.47	—	COM	87283P109
CACI	CACI INTL INC	584 (-2.0%)	$271K (-16.5%)	0.0%	$472.93	—	CL A	127190304
NEWP	NEW PAC METALS CORP	208,707 (-3.0%)	$839K (-5.8%)	0.0%	$1.56	—	COM	64782A107
TMQ	TRILOGY METALS INC NEW	116,613 (-3.7%)	$409K (-5.9%)	0.0%	$1.30	—	COM	89621C105
—	ENDEAVOUR SILVER CORP	12,500 (-3.8%)	$101K (-16.3%)	0.0%	—	—	CALL	29258Y903
RIO	RIO TINTO PLC	3,147 (-6.0%)	$299K (-4.3%)	0.0%	$65.54	—	SPONSORED ADR	767204100
LAC	LITHIUM AMERS CORP NEW	18,012 (-12.4%)	$69,346 (-14.6%)	0.0%	$3.94	—	COM SHS	53681J103
FURY	FURY GOLD MINES LIMITED	35,091 (-12.6%)	$18,968 (-22.6%)	0.0%	$0.42	—	COM	36117T100

Unchanged Positions (72)

SII SPROTT INC 15.0%

Value $472M Shares 4,201,699 Est. Cost $89.23 Unrealized —

FNV FRANCO NEV CORP 1.5%

Value $47.24M Shares 226,629 Est. Cost $124.69 Unrealized —

— VANECK ETF TRUST 0.7%

Value $21.36M Shares 214,300 Est. Cost — Unrealized —

VNOM VIPER ENERGY INC 0.9%

Value $27.21M Shares 641,791 Est. Cost $39.53 Unrealized —

IAUX/WS I-80 GOLD CORP 0.3%

Value $8.814M Shares 11,300,000 Est. Cost $0.45 Unrealized —

BVN COMPANIA DE MINAS BUENAVENTU 0.3%

Value $7.907M Shares 269,946 Est. Cost $24.48 Unrealized —

GDX VANECK ETF TRUST 0.2%

Value $5.037M Shares 66,759 Est. Cost $39.80 Unrealized —

MMI MARCUS & MILLICHAP INC 0.2%

Value $6.546M Shares 210,000 Est. Cost $30.12 Unrealized —

— SELECT SECTOR SPDR TR 0.2%

Value $7.059M Shares 124,500 Est. Cost — Unrealized —

FRPH FRP HLDGS INC 0.2%

Value $7.106M Shares 284,340 Est. Cost $26.95 Unrealized —

FHI FEDERATED HERMES INC 0.9%

Value $28.38M Shares 513,885 Est. Cost $26.50 Unrealized —

— AMPLIFY ETF TR 0.1%

Value $4.617M Shares 180,200 Est. Cost — Unrealized —

APAM ARTISAN PARTNERS ASSET MGMT 0.4%

Value $12.5M Shares 362,095 Est. Cost $24.35 Unrealized —

HL HECLA MINING COMPANY 0.1%

Value $3.359M Shares 217,697 Est. Cost $4.75 Unrealized —

SLV ISHARES SILVER TR 0.1%

Value $2.213M Shares 41,380 Est. Cost $22.25 Unrealized —

THO THOR INDS INC 0.3%

Value $7.892M Shares 105,000 Est. Cost $92.89 Unrealized —

LGO LARGO INC 0.0%

Value $478K Shares 753,516 Est. Cost $1.93 Unrealized —

SLSR SOLARIS RES INC 0.5%

Value $14.78M Shares 1,763,559 Est. Cost $3.34 Unrealized —

ITRG INTEGRA RES CORP 0.0%

Value $1.066M Shares 469,680 Est. Cost $1.14 Unrealized —

GLD SPDR GOLD TR 0.0%

Value $1.232M Shares 3,345 Est. Cost $199.88 Unrealized —

GBTC GRAYSCALE BITCOIN TRUST ETF 0.0%

Value $1.319M Shares 28,974 Est. Cost $67.89 Unrealized —

DEC DIVERSIFIED ENERGY CO 0.0%

Value $735K Shares 53,000 Est. Cost $13.53 Unrealized —

ELMD ELECTROMED INC 0.0%

Value $423K Shares 10,000 Est. Cost $26.21 Unrealized —

OXY OCCIDENTAL PETE CORP 0.0%

Value $533K Shares 10,978 Est. Cost $42.20 Unrealized —

SVM SILVERCORP METALS INC 0.1%

Value $2.536M Shares 251,034 Est. Cost $4.81 Unrealized —

CNR CORE NATURAL RESOURCES INC 0.0%

Value $421K Shares 5,255 Est. Cost $81.91 Unrealized —

REI RING ENERGY INC 0.0%

Value $308K Shares 285,000 Est. Cost $0.95 Unrealized —

ERO ERO COPPER CORP 0.3%

Value $9.835M Shares 367,880 Est. Cost $13.80 Unrealized —

NVDA NVIDIA CORPORATION 0.0%

Value $883K Shares 4,411 Est. Cost $186.13 Unrealized —

HCC WARRIOR MET COAL INC 0.0%

Value $761K Shares 9,381 Est. Cost $67.64 Unrealized —

INSW INTERNATIONAL SEAWAYS INC 0.1%

Value $2.312M Shares 30,182 Est. Cost $52.00 Unrealized —

AMR ALPHA METALLURGICAL RESOUR I 0.0%

Value $425K Shares 2,578 Est. Cost $182.66 Unrealized —

DGXX DIGI PWR X INC 0.0%

Value $164K Shares 30,000 Est. Cost $1.57 Unrealized —

SND SMART SAND INC 0.1%

Value $3.757M Shares 750,000 Est. Cost $1.69 Unrealized —

PLTM GRANITESHARES PLATINUM TR 0.0%

Value $310K Shares 20,750 Est. Cost $11.00 Unrealized —

EQT EQT CORP 0.0%

Value $383K Shares 7,210 Est. Cost $55.27 Unrealized —

ETHE GRAYSCALE ETHEREUM STAKING E 0.0%

Value $219K Shares 17,150 Est. Cost $24.58 Unrealized —

COPP SPROTT FDS TR 0.0%

Value $995K Shares 25,983 Est. Cost $33.46 Unrealized —

LITP SPROTT FDS TR 0.0%

Value $965K Shares 77,280 Est. Cost $10.50 Unrealized —

EU ENCORE ENERGY CORP 0.0%

Value $158K Shares 120,744 Est. Cost $3.57 Unrealized —

PTEN PATTERSON-UTI ENERGY INC 0.0%

Value $248K Shares 27,000 Est. Cost $6.94 Unrealized —

OIH VANECK ETF TRUST 0.0%

Value $513K Shares 1,380 Est. Cost $293.98 Unrealized —

— SPROTT FOCUS TR INC 4.7%

Value $148M Shares 15,644,152 Est. Cost $8.01 Unrealized —

NGEN NERVGEN PHARMA CORP 0.0%

Value $51,500 Shares 25,000 Est. Cost $4.73 Unrealized —

AR ANTERO RESOURCES CORP 0.0%

Value $202K Shares 5,750 Est. Cost $33.80 Unrealized —

CRGY CRESCENT ENERGY COMPANY 0.0%

Value $110K Shares 11,250 Est. Cost $8.47 Unrealized —

GAU GALIANO GOLD INC 0.0%

Value $117K Shares 62,362 Est. Cost $1.66 Unrealized —

LMT LOCKHEED MARTIN CORP 0.0%

Value $204K Shares 400 Est. Cost $600.88 Unrealized —

— SPDR SERIES TRUST 0.0%

Value $244K Shares 3,800 Est. Cost — Unrealized —

MRVI MARAVAI LIFESCIENCES HLDGS I 0.0%

Value $62,400 Shares 10,000 Est. Cost $2.55 Unrealized —

ANGX ANGEL STUDIOS INC 0.0%

Value $193K Shares 52,691 Est. Cost $5.93 Unrealized —

ISOU ISOENERGY LTD 0.0%

Value $669K Shares 66,969 Est. Cost $6.60 Unrealized —

URG UR-ENERGY INC 0.0%

Value $217K Shares 159,833 Est. Cost $1.15 Unrealized —

LPG DORIAN LPG LTD 0.0%

Value $1.217M Shares 35,000 Est. Cost $30.40 Unrealized —

FRO FRONTLINE PLC 0.1%

Value $1.614M Shares 46,399 Est. Cost $28.36 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 0.2%

Value $5.169M Shares 65,400 Est. Cost $92.51 Unrealized —

ASM AVINO SILVER & GOLD MINES LT 0.0%

Value $1.126M Shares 177,546 Est. Cost $2.17 Unrealized —

OKE ONEOK INC NEW 0.0%

Value $296K Shares 3,400 Est. Cost $96.84 Unrealized —

JOBY JOBY AVIATION INC 0.0%

Value $169K Shares 19,000 Est. Cost $6.71 Unrealized —

ECO OKEANIS ECO TANKERS COR 0.0%

Value $792K Shares 15,800 Est. Cost $41.08 Unrealized —

SCCO SOUTHERN COPPER CORP 0.0%

Value $276K Shares 1,581 Est. Cost $136.28 Unrealized —

— LARGO INC 0.0%

Value $7,575 Shares 11,000 Est. Cost — Unrealized —

BWLP BW LPG LTD 0.0%

Value $1.377M Shares 79,000 Est. Cost $15.39 Unrealized —

HSHP HIMALAYA SHIPPING LTD 0.0%

Value $601K Shares 45,000 Est. Cost $10.69 Unrealized —

XPL SOLITARIO RESOURCES CORP 0.0%

Value $25,080 Shares 33,333 Est. Cost $0.64 Unrealized —

LUCD LUCID DIAGNOSTICS INC 0.0%

Value $21,400 Shares 20,000 Est. Cost $1.09 Unrealized —

LZM/WS LIFEZONE METALS LIMITED 0.0%

Value $279K Shares 680,354 Est. Cost $1.06 Unrealized —

AGG ISHARES TR 0.0%

Value $527K Shares 5,321 Est. Cost $98.93 Unrealized —

CRGOW FREIGHTOS LTD 0.0%

Value $473 Shares 10,000 Est. Cost $0.25 Unrealized —

AM ANTERO MIDSTREAM CORP 0.0%

Value $375K Shares 16,500 Est. Cost $14.21 Unrealized —

ASPSW ALTISOURCE PORTFOLIO SOLUTIO 0.0%

Value $6,440 Shares 16,100 Est. Cost $0.50 Unrealized —

FUFUW BITFUFU INC 0.0%

Value $1,620 Shares 15,000 Est. Cost $0.55 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SII	SPROTT INC	4,201,699	$472M	15.0%	$89.23	—	COM NEW	852066208
FNV	FRANCO NEV CORP	226,629	$47.24M	1.5%	$124.69	—	COM	351858105
—	VANECK ETF TRUST	214,300	$21.36M	0.7%	—	—	PUT	92189F951
VNOM	VIPER ENERGY INC	641,791	$27.21M	0.9%	$39.53	—	CL A	64361Q101
IAUX/WS	I-80 GOLD CORP	11,300,000	$8.814M	0.3%	$0.45	—	*W EXP 11/16/202	44955L155
BVN	COMPANIA DE MINAS BUENAVENTU	269,946	$7.907M	0.3%	$24.48	—	SPONSORED ADR	204448104
GDX	VANECK ETF TRUST	66,759	$5.037M	0.2%	$39.80	—	GOLD MINERS ETF	92189F106
MMI	MARCUS & MILLICHAP INC	210,000	$6.546M	0.2%	$30.12	—	COM	566324109
—	SELECT SECTOR SPDR TR	124,500	$7.059M	0.2%	—	—	PUT	81369Y955
FRPH	FRP HLDGS INC	284,340	$7.106M	0.2%	$26.95	—	COM	30292L107
FHI	FEDERATED HERMES INC	513,885	$28.38M	0.9%	$26.50	—	CL B	314211103
—	AMPLIFY ETF TR	180,200	$4.617M	0.1%	—	—	PUT	032108959
APAM	ARTISAN PARTNERS ASSET MGMT	362,095	$12.5M	0.4%	$24.35	—	CL A	04316A108
HL	HECLA MINING COMPANY	217,697	$3.359M	0.1%	$4.75	—	COM	422704106
SLV	ISHARES SILVER TR	41,380	$2.213M	0.1%	$22.25	—	ISHARES	46428Q109
THO	THOR INDS INC	105,000	$7.892M	0.3%	$92.89	—	COM	885160101
LGO	LARGO INC	753,516	$478K	0.0%	$1.93	—	COM	517097101
SLSR	SOLARIS RES INC	1,763,559	$14.78M	0.5%	$3.34	—	COM NEW	83419D201
ITRG	INTEGRA RES CORP	469,680	$1.066M	0.0%	$1.14	—	COM	45826T509
GLD	SPDR GOLD TR	3,345	$1.232M	0.0%	$199.88	—	GOLD SHS	78463V107
GBTC	GRAYSCALE BITCOIN TRUST ETF	28,974	$1.319M	0.0%	$67.89	—	SHS REP COM UT	389637109
DEC	DIVERSIFIED ENERGY CO	53,000	$735K	0.0%	$13.53	—	COMMON STOCK	25520W107
ELMD	ELECTROMED INC	10,000	$423K	0.0%	$26.21	—	COM	285409108
OXY	OCCIDENTAL PETE CORP	10,978	$533K	0.0%	$42.20	—	COM	674599105
SVM	SILVERCORP METALS INC	251,034	$2.536M	0.1%	$4.81	—	COM	82835P103
CNR	CORE NATURAL RESOURCES INC	5,255	$421K	0.0%	$81.91	—	COM SHS	218937100
REI	RING ENERGY INC	285,000	$308K	0.0%	$0.95	—	COM	76680V108
ERO	ERO COPPER CORP	367,880	$9.835M	0.3%	$13.80	—	COM	296006109
NVDA	NVIDIA CORPORATION	4,411	$883K	0.0%	$186.13	—	COM	67066G104
HCC	WARRIOR MET COAL INC	9,381	$761K	0.0%	$67.64	—	COM	93627C101
INSW	INTERNATIONAL SEAWAYS INC	30,182	$2.312M	0.1%	$52.00	—	COM	Y41053102
AMR	ALPHA METALLURGICAL RESOUR I	2,578	$425K	0.0%	$182.66	—	COM	020764106
DGXX	DIGI PWR X INC	30,000	$164K	0.0%	$1.57	—	COM SUB VTG	25380B102
SND	SMART SAND INC	750,000	$3.757M	0.1%	$1.69	—	COM	83191H107
PLTM	GRANITESHARES PLATINUM TR	20,750	$310K	0.0%	$11.00	—	SHS BEN INT	38748T103
EQT	EQT CORP	7,210	$383K	0.0%	$55.27	—	COM	26884L109
ETHE	GRAYSCALE ETHEREUM STAKING E	17,150	$219K	0.0%	$24.58	—	SHS	389638107
COPP	SPROTT FDS TR	25,983	$995K	0.0%	$33.46	—	COPPER MINER ETF	85208P881
LITP	SPROTT FDS TR	77,280	$965K	0.0%	$10.50	—	LITHIUM MINERS	85208P709
EU	ENCORE ENERGY CORP	120,744	$158K	0.0%	$3.57	—	COM NEW	29259W700
PTEN	PATTERSON-UTI ENERGY INC	27,000	$248K	0.0%	$6.94	—	COM	703481101
OIH	VANECK ETF TRUST	1,380	$513K	0.0%	$293.98	—	OIL SERVICES ETF	92189H607
—	SPROTT FOCUS TR INC	15,644,152	$148M	4.7%	$8.01	—	COM	85208J109
NGEN	NERVGEN PHARMA CORP	25,000	$51,500	0.0%	$4.73	—	COM	64082X203
AR	ANTERO RESOURCES CORP	5,750	$202K	0.0%	$33.80	—	COM	03674X106
CRGY	CRESCENT ENERGY COMPANY	11,250	$110K	0.0%	$8.47	—	CL A COM	44952J104
GAU	GALIANO GOLD INC	62,362	$117K	0.0%	$1.66	—	COM	36352H100
LMT	LOCKHEED MARTIN CORP	400	$204K	0.0%	$600.88	—	COM	539830109
—	SPDR SERIES TRUST	3,800	$244K	0.0%	—	—	PUT	78464A959
MRVI	MARAVAI LIFESCIENCES HLDGS I	10,000	$62,400	0.0%	$2.55	—	COM CL A	56600D107
ANGX	ANGEL STUDIOS INC	52,691	$193K	0.0%	$5.93	—	CL A COM	034948109
ISOU	ISOENERGY LTD	66,969	$669K	0.0%	$6.60	—	COM NEW	46500E867
URG	UR-ENERGY INC	159,833	$217K	0.0%	$1.15	—	COM	91688R108
LPG	DORIAN LPG LTD	35,000	$1.217M	0.0%	$30.40	—	SHS USD	Y2106R110
FRO	FRONTLINE PLC	46,399	$1.614M	0.1%	$28.36	—	COM	M46528101
VCSH	VANGUARD SCOTTSDALE FDS	65,400	$5.169M	0.2%	$92.51	—	SHRT TRM CORP BD	92206C409
ASM	AVINO SILVER & GOLD MINES LT	177,546	$1.126M	0.0%	$2.17	—	COM	053906103
OKE	ONEOK INC NEW	3,400	$296K	0.0%	$96.84	—	COM	682680103
JOBY	JOBY AVIATION INC	19,000	$169K	0.0%	$6.71	—	COMMON STOCK	G65163100
ECO	OKEANIS ECO TANKERS COR	15,800	$792K	0.0%	$41.08	—	SHS	Y64177101
SCCO	SOUTHERN COPPER CORP	1,581	$276K	0.0%	$136.28	—	COM	84265V105
—	LARGO INC	11,000	$7,575	0.0%	—	—	CALL	517097901
BWLP	BW LPG LTD	79,000	$1.377M	0.0%	$15.39	—	COM	Y10230103
HSHP	HIMALAYA SHIPPING LTD	45,000	$601K	0.0%	$10.69	—	ORD SHS	G4660A103
XPL	SOLITARIO RESOURCES CORP	33,333	$25,080	0.0%	$0.64	—	COM	8342EP107
LUCD	LUCID DIAGNOSTICS INC	20,000	$21,400	0.0%	$1.09	—	COM	54948X109
LZM/WS	LIFEZONE METALS LIMITED	680,354	$279K	0.0%	$1.06	—	*W EXP 07/05/202	G5568L117
AGG	ISHARES TR	5,321	$527K	0.0%	$98.93	—	CORE US AGGBD ET	464287226
CRGOW	FREIGHTOS LTD	10,000	$473	0.0%	$0.25	—	*W EXP 99/99/999	G51405119
AM	ANTERO MIDSTREAM CORP	16,500	$375K	0.0%	$14.21	—	COM	03676B102
ASPSW	ALTISOURCE PORTFOLIO SOLUTIO	16,100	$6,440	0.0%	$0.50	—	*W EXP 04/30/203	L0175J112
FUFUW	BITFUFU INC	15,000	$1,620	0.0%	$0.55	—	*W EXP 03/01/202	G1152A120