Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GLDM	WORLD GOLD TR	159,084	$14.21M	9.6%	$89.32 *	$82.19	+12.8%	SPDR GLD MINIS	98149E303
RGLD	ROYAL GOLD INC	49,626	$11.85M	8.0%	$238.76 *	$204.08	+24.7%	COM	780287108
SLV	ISHARES SILVER TR	150,926	$9.587M	6.5%	$63.52 *	$50.06	+36.1%	ISHARES	46428Q109
COP	CONOCOPHILLIPS	48,071	$6.388M	4.3%	$132.89	$97.68	+35.1%	COM	20825C104
RRC	RANGE RES CORP	137,812	$6.368M	4.3%	$46.21 *	$37.93	+19.1%	COM	75281A109
AEM	AGNICO EAGLE MINES LTD	32,547	$6.244M	4.2%	$191.86 *	$167.85	+20.9%	COM	008474108
FNV	FRANCO NEV CORP	23,690	$5.534M	3.7%	$233.60 *	$205.12	+20.4%	COM	351858105
GLD	SPDR GOLD TR	12,187	$5.052M	3.4%	$414.58 *	$381.90	+12.7%	GOLD SHS	78463V107
TFPM	TRIPLE FLAG PRECIOUS METAL	148,877	$4.894M	3.3%	$32.87 *	$31.28	+10.9%	COM	89679M104
AGI	ALAMOS GOLD INC	106,493	$4.446M	3.0%	$41.75 *	$36.27	+22.5%	COM CL A	011532108
WPM	WHEATON PRECIOUS METALS CORP	31,707	$3.922M	2.6%	$123.70 *	$107.08	+22.4%	COM	962879102
B	BARRICK MNG CORP	87,360	$3.805M	2.6%	$43.55 *	$37.42	+9.0%	COM SHS	06849F108
CVX	CHEVRON CORPORATION	17,990	$3.791M	2.6%	$210.71	$162.54	+27.3%	COM	166764100
EQT	EQT CORP	56,887	$3.666M	2.5%	$64.44	$57.26	+11.1%	COM	26884L109
SILJ	AMPLIFY ETF TR	133,290	$3.64M	2.5%	$27.31 *	$33.17	-10.4%	AMPLIFY JUNIOR S	032108649
IAUX	I-80 GOLD CORP	2,507,979	$3.536M	2.4%	$1.41 *	$1.71	-11.0%	COM	44955L106
VOXR	VOX ROYALTY CORP	733,415	$3.513M	2.4%	$4.79 *	$4.73	+10.8%	COM	92919F103
BTG	B2GOLD CORP	801,208	$3.381M	2.3%	$4.22 *	$4.66	-2.8%	COM	11777Q209
NTR	NUTRIEN LTD	43,900	$3.361M	2.3%	$76.55	$59.72	+26.4%	COM	67077M108
XOM	EXXON MOBIL CORP	19,424	$3.331M	2.2%	$171.47	$131.26	+29.3%	COM	30231G102
CRGY	CRESCENT ENERGY COMPANY	231,105	$3.129M	2.1%	$13.54	$9.45	+42.9%	CL A COM	44952J104
REPX	RILEY EXPLORATION PERMIAN IN	84,393	$3.098M	2.1%	$36.71	$28.16	+29.4%	COM	76665T102
EPD	ENTERPRISE PRODS PARTNERS L	78,356	$3.062M	2.1%	$39.08	$32.78	—	COM	293792107
PAAS	PAN AMERN SILVER CORP	59,497	$3.044M	2.1%	$51.16 *	$41.86	+30.5%	COM	697900108
OR	OR ROYALTIES INC.	79,264	$2.794M	1.9%	$35.25 *	$35.17	+8.1%	COM SHS	68390D106
NEM	NEWMONT CORP	25,372	$2.616M	1.8%	$103.12 *	$90.20	+20.0%	COM	651639106
WDS	WOODSIDE ENERGY GROUP LTD	107,005	$2.597M	1.7%	$24.27	$16.31	+46.5%	SPONSORED ADR	980228308
SCCO	SOUTHERN COPPER CORP	13,537	$2.156M	1.5%	$159.28 *	$136.23	+25.1%	COM	84265V105
PPLT	ABRDN PLATINUM ETF TRUST	12,292	$2.117M	1.4%	$172.22 *	$155.24	+14.8%	PHYSCL PLATM SHS	003260106
EXE	EXPAND ENERGY CORPORATION	16,745	$1.866M	1.3%	$111.45	$110.36	-0.5%	COM	165167735
NE	NOBLE CORP PLC	33,845	$1.655M	1.1%	$48.89	$29.84	+64.5%	ORD SHS A	G65431127
ENB	ENBRIDGE INC	29,622	$1.609M	1.1%	$54.33	$47.29	+14.5%	COM	29250N105
CNQ	CANADIAN NAT RES LTD MED TER	30,419	$1.502M	1.0%	$49.37	$41.11	+18.5%	COM	136385101
VNOM	VIPER ENERGY INC	27,064	$1.264M	0.9%	$46.71	$42.85	+9.7%	CL A	64361Q101
CLIP	GLOBAL X FDS	9,508	$954K	0.6%	$100.35	$100.24	+0.1%	1-3 MONTH T-BILL	37960A438
CCJ	CAMECO CORP	9,082	$934K	0.6%	$102.84 *	$90.51	+20.0%	COM	13321L108
MTA	METALLA RTY & STREAMING LTD	135,073	$819K	0.6%	$6.06 *	$7.19	-7.8%	COM NEW	59124U605
GDXW	ROUNDHILL ETF TRUST	9,403	$807K	0.5%	$85.79	$85.77	—	GOLD MINERS WEEK	77926X486
RIO	RIO TINTO PLC	8,558	$760K	0.5%	$88.82 *	$72.96	+27.9%	SPONSORED ADR	767204100
IAU	ISHARES GOLD TR	8,087	$687K	0.5%	$84.93 *	$78.21	+12.7%	ISHARES NEW	464285204
GNR	SPDR INDEX SHS FDS	6,739	$492K	0.3%	$73.07 *	$63.71	+17.2%	STATE STREET SPD	78463X541