Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
OCANF	OCEANAGOLD CORP	736,825	$18.48M	6.4%	$25.08	$25.08	—	COM NEW	675222400
SVC	SERVICE PPTYS TR	3,446,168	$5.824M	2.0%	$1.69	$1.69	—	COM SH BEN INT	81761L102
CZR	CAESARS ENTERTAINMENT INC NE	122,773	$3.705M	1.3%	$30.18	$30.18	—	COM	12769G100
DVN	DEVON ENERGY CORP NEW	72,202	$2.983M	1.0%	$41.32	$41.32	—	COM	25179M103
QQQ	INVESCO QQQ TR	1,200	$884K	0.3%	$736.40	—	—	PUT	46090E103
ODVWZ	OSISKO DEVELOPMENT CORP	999,999	$60,200	0.0%	$0.06	$0.06	—	*W EXP 05/27/202	68828E239

Increased Positions (6)

HBM HUDBAY MINERALS INC 6.3%

Value $18.32M (+93.1%) Shares 775,735 (+71.0%) Share Price $23.61 Est. Cost/Share $13.45 Unrealized @ Report Date —

MINE MAYFAIR GOLD CORP 2.2%

Value $6.349M (-15.9%) Shares 2,586,215 (+6.1%) Share Price $2.46 Est. Cost/Share $3.06 Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 4.3%

Value $12.43M (+5.6%) Shares 353,602 (+27.5%) Share Price $35.14 Est. Cost/Share $31.84 Unrealized @ Report Date —

NVDA NVIDIA CORPORATION 0.3%

Value $1M (+79.3%) Shares 5,000 (+56.3%) Share Price $200.09 Est. Cost/Share — Unrealized @ Report Date —

GLD SPDR GOLD TR 0.1%

Value $405K (+88.3%) Shares 1,100 (+120.0%) Share Price $368.38 Est. Cost/Share — Unrealized @ Report Date —

GDXJ VANECK ETF TRUST 0.1%

Value $197K (+63.7%) Shares 2,000 (+100.0%) Share Price $98.25 Est. Cost/Share $41.70 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
HBM	HUDBAY MINERALS INC	775,735 (+71.0%)	$18.32M (+93.1%)	6.3%	$23.61	$13.45	—	COM	443628102
MINE	MAYFAIR GOLD CORP	2,586,215 (+6.1%)	$6.349M (-15.9%)	2.2%	$2.46	$3.06	—	COM NEW	57808L305
AR	ANTERO RESOURCES CORP	353,602 (+27.5%)	$12.43M (+5.6%)	4.3%	$35.14	$31.84	—	COM	03674X106
NVDA	NVIDIA CORPORATION	5,000 (+56.3%)	$1M (+79.3%)	0.3%	$200.09	—	—	PUT	67066G104
GLD	SPDR GOLD TR	1,100 (+120.0%)	$405K (+88.3%)	0.1%	$368.38	—	—	CALL	78463V107
GDXJ	VANECK ETF TRUST	2,000 (+100.0%)	$197K (+63.7%)	0.1%	$98.25	$41.70	—	CALL	92189F791

Exited Positions (6)

GDX VANECK ETF TRUST 2.4%

Value $7.027M Shares 76,571 Share Price $91.77 Est. Cost/Share $30.18 Unrealized @ Report Date —

CTRA COTERRA ENERGY INC 1.4%

Value $4.203M Shares 119,608 Share Price $35.14 Est. Cost/Share $25.84 Unrealized @ Report Date —

LWLG LIGHTWAVE LOGIC INC 1.4%

Value $4.044M Shares 575,198 Share Price $7.03 Est. Cost/Share $4.44 Unrealized @ Report Date —

HNRG HALLADOR ENERGY COMPANY 0.8%

Value $2.198M Shares 135,000 Share Price $16.28 Est. Cost/Share $13.68 Unrealized @ Report Date —

GDX VANECK ETF TRUST 0.0%

Value $36,708 Shares 400 Share Price $91.77 Est. Cost/Share $30.18 Unrealized @ Report Date —

AAOI APPLIED OPTOELECTRONICS INC 0.0%

Value $16,918 Shares 200 Share Price $84.59 Est. Cost/Share $41.81 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GDX	VANECK ETF TRUST	76,571	$7.027M	2.4%	$91.77	$30.18	—	—	92189F106
CTRA	COTERRA ENERGY INC	119,608	$4.203M	1.4%	$35.14	$25.84	—	—	127097103
LWLG	LIGHTWAVE LOGIC INC	575,198	$4.044M	1.4%	$7.03	$4.44	—	—	532275104
HNRG	HALLADOR ENERGY COMPANY	135,000	$2.198M	0.8%	$16.28	$13.68	—	—	40609P105
GDX	VANECK ETF TRUST	400	$36,708	0.0%	$91.77	$30.18	—	CALL	92189F106
AAOI	APPLIED OPTOELECTRONICS INC	200	$16,918	0.0%	$84.59	$41.81	—	CALL	03823U102

Decreased Positions (31)

MGM MGM RESORTS INTERNATIONAL 0.6%

Value $1.832M (-88.2%) Shares 38,308 (-90.9%) Share Price $47.81 Est. Cost/Share $37.08 Unrealized @ Report Date —

CDE COEUR MNG INC 7.7%

Value $22.23M (-28.8%) Shares 1,362,024 (-18.1%) Share Price $16.32 Est. Cost/Share $15.49 Unrealized @ Report Date —

PSLV SPROTT ASSET MANAGEMENT LP 0.6%

Value $1.745M (-82.9%) Shares 92,500 (-77.9%) Share Price $18.87 Est. Cost/Share $11.90 Unrealized @ Report Date —

NXE NEXGEN ENERGY LTD 2.3%

Value $6.58M (-56.2%) Shares 700,757 (-45.9%) Share Price $9.39 Est. Cost/Share $6.26 Unrealized @ Report Date —

DIA STATE STR SPDR DOW JONES IND 3.4%

Value $9.81M (-45.5%) Shares 18,779 (-51.7%) Share Price $522.39 Est. Cost/Share $480.57 Unrealized @ Report Date —

IAUX I-80 GOLD CORP 9.1%

Value $26.51M (-21.4%) Shares 18,408,054 (-17.0%) Share Price $1.44 Est. Cost/Share $0.59 Unrealized @ Report Date —

KREF KKR REAL ESTATE FIN TR INC 1.0%

Value $2.98M (-56.5%) Shares 435,600 (-61.1%) Share Price $6.84 Est. Cost/Share $8.42 Unrealized @ Report Date —

DC DAKOTA GOLD CORP 2.4%

Value $6.913M (-31.7%) Shares 1,622,729 (-19.1%) Share Price $4.26 Est. Cost/Share $5.16 Unrealized @ Report Date —

ODV OSISKO DEVELOPMENT CORP 1.3%

Value $3.733M (-42.6%) Shares 1,517,491 (-24.1%) Share Price $2.46 Est. Cost/Share $2.65 Unrealized @ Report Date —

BZH BEAZER HOMES USA INC 4.9%

Value $14.28M (+23.6%) Shares 509,170 (-15.2%) Share Price $28.05 Est. Cost/Share $24.94 Unrealized @ Report Date —

ITRG INTEGRA RES CORP 2.5%

Value $7.144M (-26.0%) Shares 3,147,335 (-11.0%) Share Price $2.27 Est. Cost/Share $3.96 Unrealized @ Report Date —

OVV OVINTIV INC 2.0%

Value $5.689M (-27.5%) Shares 108,052 (-18.3%) Share Price $52.65 Est. Cost/Share $43.00 Unrealized @ Report Date —

GFR GREENFIRE RES LTD NEW 3.1%

Value $9.111M (-17.7%) Shares 1,612,581 (-7.9%) Share Price $5.65 Est. Cost/Share $5.38 Unrealized @ Report Date —

ASTS AST SPACEMOBILE INC 5.1%

Value $14.8M (-10.6%) Shares 166,500 (-16.7%) Share Price $88.86 Est. Cost/Share — Unrealized @ Report Date —

IAUX/WS I-80 GOLD CORP 3.7%

Value $10.69M (-13.4%) Shares 12,572,868 (-2.2%) Share Price $0.85 Est. Cost/Share $0.44 Unrealized @ Report Date —

APLE APPLE HOSPITALITY REIT INC 2.2%

Value $6.249M (+34.0%) Shares 371,727 (-8.2%) Share Price $16.81 Est. Cost/Share $11.85 Unrealized @ Report Date —

OTGA OTG ACQUISITION CORP. I 0.1%

Value $159K (-90.2%) Shares 15,644 (-90.3%) Share Price $10.15 Est. Cost/Share $10.02 Unrealized @ Report Date —

CRGY CRESCENT ENERGY COMPANY 0.3%

Value $903K (-61.8%) Shares 91,925 (-47.5%) Share Price $9.82 Est. Cost/Share $9.74 Unrealized @ Report Date —

ACR ACRES COMMERCIAL REALTY CORP 0.9%

Value $2.593M (-28.3%) Shares 145,768 (-22.2%) Share Price $17.79 Est. Cost/Share $14.08 Unrealized @ Report Date —

SCVL SHOE STA GROUP INC 2.5%

Value $7.365M (-12.2%) Shares 496,612 (-7.7%) Share Price $14.83 Est. Cost/Share $18.94 Unrealized @ Report Date —

GDXJ VANECK ETF TRUST 0.7%

Value $2.114M (-30.4%) Shares 21,515 (-15.0%) Share Price $98.25 Est. Cost/Share $41.70 Unrealized @ Report Date —

VZLA VIZSLA SILVER CORP 1.0%

Value $2.878M (-17.0%) Shares 872,153 (-17.0%) Share Price $3.30 Est. Cost/Share $2.13 Unrealized @ Report Date —

LAD LITHIA MTRS INC 6.3%

Value $18.27M (-2.8%) Shares 62,888 (-16.4%) Share Price $290.49 Est. Cost/Share $321.30 Unrealized @ Report Date —

CVE CENOVUS ENERGY INC 1.4%

Value $4.151M (-10.4%) Shares 167,300 (-4.2%) Share Price $24.81 Est. Cost/Share $19.61 Unrealized @ Report Date —

CNTY CENTURY CASINOS INC 0.8%

Value $2.244M (-16.4%) Shares 1,752,854 (-9.3%) Share Price $1.28 Est. Cost/Share $5.54 Unrealized @ Report Date —

ARKR ARK RESTAURANTS CORP 0.2%

Value $549K (-27.1%) Shares 93,767 (-18.4%) Share Price $5.86 Est. Cost/Share $7.11 Unrealized @ Report Date —

EWZ ISHARES INC 0.1%

Value $432K (-27.9%) Shares 12,524 (-19.7%) Share Price $34.50 Est. Cost/Share $31.77 Unrealized @ Report Date —

MLP MAUI LD & PINEAPPLE INC 1.1%

Value $3.122M (-4.4%) Shares 175,598 (-17.3%) Share Price $17.78 Est. Cost/Share $18.36 Unrealized @ Report Date —

SOUN SOUNDHOUND AI INC 0.0%

Value $114K (-32.3%) Shares 17,600 (-28.2%) Share Price $6.47 Est. Cost/Share — Unrealized @ Report Date —

DRDBW ROMAN DBDR ACQUISITION CORP 0.0%

Value $19,304 (-45.0%) Shares 78,473 (-52.5%) Share Price $0.25 Est. Cost/Share $0.32 Unrealized @ Report Date —

MOBXW MOBIX LABS INC 0.0%

Value $1,024 (-72.8%) Shares 11,493 (-61.8%) Share Price $0.09 Est. Cost/Share $0.21 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MGM	MGM RESORTS INTERNATIONAL	38,308 (-90.9%)	$1.832M (-88.2%)	0.6%	$47.81	$37.08	—	COM	552953101
CDE	COEUR MNG INC	1,362,024 (-18.1%)	$22.23M (-28.8%)	7.7%	$16.32	$15.49	—	COM NEW	192108504
PSLV	SPROTT ASSET MANAGEMENT LP	92,500 (-77.9%)	$1.745M (-82.9%)	0.6%	$18.87	$11.90	—	PHYSICAL SILVER	85207K107
NXE	NEXGEN ENERGY LTD	700,757 (-45.9%)	$6.58M (-56.2%)	2.3%	$9.39	$6.26	—	COM	65340P106
DIA	STATE STR SPDR DOW JONES IND	18,779 (-51.7%)	$9.81M (-45.5%)	3.4%	$522.39	$480.57	—	UT SER 1	78467X109
IAUX	I-80 GOLD CORP	18,408,054 (-17.0%)	$26.51M (-21.4%)	9.1%	$1.44	$0.59	—	COM	44955L106
KREF	KKR REAL ESTATE FIN TR INC	435,600 (-61.1%)	$2.98M (-56.5%)	1.0%	$6.84	$8.42	—	COM	48251K100
DC	DAKOTA GOLD CORP	1,622,729 (-19.1%)	$6.913M (-31.7%)	2.4%	$4.26	$5.16	—	COM	46655E100
ODV	OSISKO DEVELOPMENT CORP	1,517,491 (-24.1%)	$3.733M (-42.6%)	1.3%	$2.46	$2.65	—	COM NEW	68828E809
BZH	BEAZER HOMES USA INC	509,170 (-15.2%)	$14.28M (+23.6%)	4.9%	$28.05	$24.94	—	COM NEW	07556Q881
ITRG	INTEGRA RES CORP	3,147,335 (-11.0%)	$7.144M (-26.0%)	2.5%	$2.27	$3.96	—	COM	45826T509
OVV	OVINTIV INC	108,052 (-18.3%)	$5.689M (-27.5%)	2.0%	$52.65	$43.00	—	COM	69047Q102
GFR	GREENFIRE RES LTD NEW	1,612,581 (-7.9%)	$9.111M (-17.7%)	3.1%	$5.65	$5.38	—	COM SHS	39525U107
ASTS	AST SPACEMOBILE INC	166,500 (-16.7%)	$14.8M (-10.6%)	5.1%	$88.86	—	—	PUT	00217D100
IAUX/WS	I-80 GOLD CORP	12,572,868 (-2.2%)	$10.69M (-13.4%)	3.7%	$0.85	$0.44	—	*W EXP 11/16/202	44955L155
APLE	APPLE HOSPITALITY REIT INC	371,727 (-8.2%)	$6.249M (+34.0%)	2.2%	$16.81	$11.85	—	COM NEW	03784Y200
OTGA	OTG ACQUISITION CORP. I	15,644 (-90.3%)	$159K (-90.2%)	0.1%	$10.15	$10.02	—	ORD CL A	G6791A100
CRGY	CRESCENT ENERGY COMPANY	91,925 (-47.5%)	$903K (-61.8%)	0.3%	$9.82	$9.74	—	CL A COM	44952J104
ACR	ACRES COMMERCIAL REALTY CORP	145,768 (-22.2%)	$2.593M (-28.3%)	0.9%	$17.79	$14.08	—	COM NEW	00489Q102
SCVL	SHOE STA GROUP INC	496,612 (-7.7%)	$7.365M (-12.2%)	2.5%	$14.83	$18.94	—	COM	824889109
GDXJ	VANECK ETF TRUST	21,515 (-15.0%)	$2.114M (-30.4%)	0.7%	$98.25	$41.70	—	JUNIOR GOLD MINE	92189F791
VZLA	VIZSLA SILVER CORP	872,153 (-17.0%)	$2.878M (-17.0%)	1.0%	$3.30	$2.13	—	COM NEW	92859G608
LAD	LITHIA MTRS INC	62,888 (-16.4%)	$18.27M (-2.8%)	6.3%	$290.49	$321.30	—	COM	536797103
CVE	CENOVUS ENERGY INC	167,300 (-4.2%)	$4.151M (-10.4%)	1.4%	$24.81	$19.61	—	COM	15135U109
CNTY	CENTURY CASINOS INC	1,752,854 (-9.3%)	$2.244M (-16.4%)	0.8%	$1.28	$5.54	—	COM	156492100
ARKR	ARK RESTAURANTS CORP	93,767 (-18.4%)	$549K (-27.1%)	0.2%	$5.86	$7.11	—	COM	040712101
EWZ	ISHARES INC	12,524 (-19.7%)	$432K (-27.9%)	0.1%	$34.50	$31.77	—	MSCI BRAZIL ETF	464286400
MLP	MAUI LD & PINEAPPLE INC	175,598 (-17.3%)	$3.122M (-4.4%)	1.1%	$17.78	$18.36	—	COM	577345101
SOUN	SOUNDHOUND AI INC	17,600 (-28.2%)	$114K (-32.3%)	0.0%	$6.47	—	—	PUT	836100107
DRDBW	ROMAN DBDR ACQUISITION CORP	78,473 (-52.5%)	$19,304 (-45.0%)	0.0%	$0.25	$0.32	—	*W EXP 10/31/203	G7633M112
MOBXW	MOBIX LABS INC	11,493 (-61.8%)	$1,024 (-72.8%)	0.0%	$0.09	$0.21	—	*W EXP 12/21/202	60743G118

Unchanged Positions (12)

SPPP SPROTT ASSET MANAGEMENT LP 2.3%

Value $6.808M Shares 546,814 Share Price $12.45 Est. Cost/Share $11.72 Unrealized @ Report Date —

SILJ AMPLIFY ETF TR 1.9%

Value $5.576M Shares 215,126 Share Price $25.92 Est. Cost/Share $9.93 Unrealized @ Report Date —

AGI ALAMOS GOLD INC 0.4%

Value $1.187M Shares 39,132 Share Price $30.34 Est. Cost/Share $12.54 Unrealized @ Report Date —

JILL J JILL INC 0.6%

Value $1.839M Shares 115,865 Share Price $15.87 Est. Cost/Share $16.13 Unrealized @ Report Date —

AAOI APPLIED OPTOELECTRONICS INC 0.4%

Value $1.17M Shares 7,900 Share Price $148.16 Est. Cost/Share $41.81 Unrealized @ Report Date —

SBSW SIBANYE STILLWATER LTD 0.4%

Value $1.024M Shares 120,666 Share Price $8.49 Est. Cost/Share $11.24 Unrealized @ Report Date —

PPTA PERPETUA RESOURCES CORP 0.3%

Value $989K Shares 47,649 Share Price $20.76 Est. Cost/Share $3.30 Unrealized @ Report Date —

TRTX TPG RE FIN TR INC 0.9%

Value $2.619M Shares 312,898 Share Price $8.37 Est. Cost/Share $7.97 Unrealized @ Report Date —

EOSE EOS ENERGY ENTERPRISES INC 0.1%

Value $290K Shares 49,400 Share Price $5.88 Est. Cost/Share — Unrealized @ Report Date —

BMM BLUE MOON METALS INC 0.5%

Value $1.565M Shares 244,866 Share Price $6.39 Est. Cost/Share $4.07 Unrealized @ Report Date —

OTGAW OTG ACQUISITION CORP. I 0.0%

Value $33,206 Shares 80,822 Share Price $0.41 Est. Cost/Share $0.32 Unrealized @ Report Date —

DRDB ROMAN DBDR ACQUISITION CORP 0.5%

Value $1.37M Shares 130,026 Share Price $10.54 Est. Cost/Share $9.96 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SPPP	SPROTT ASSET MANAGEMENT LP	546,814	$6.808M	2.3%	$12.45	$11.72	—	PHYSICAL PLATINU	85207Q104
SILJ	AMPLIFY ETF TR	215,126	$5.576M	1.9%	$25.92	$9.93	—	JR SILV MINE ETF	032108649
AGI	ALAMOS GOLD INC	39,132	$1.187M	0.4%	$30.34	$12.54	—	COM CL A	011532108
JILL	J JILL INC	115,865	$1.839M	0.6%	$15.87	$16.13	—	COM	46620W201
AAOI	APPLIED OPTOELECTRONICS INC	7,900	$1.17M	0.4%	$148.16	$41.81	—	COM	03823U102
SBSW	SIBANYE STILLWATER LTD	120,666	$1.024M	0.4%	$8.49	$11.24	—	SPONSORED ADR	82575P107
PPTA	PERPETUA RESOURCES CORP	47,649	$989K	0.3%	$20.76	$3.30	—	COM	714266103
TRTX	TPG RE FIN TR INC	312,898	$2.619M	0.9%	$8.37	$7.97	—	COM	87266M107
EOSE	EOS ENERGY ENTERPRISES INC	49,400	$290K	0.1%	$5.88	—	—	PUT	29415C101
BMM	BLUE MOON METALS INC	244,866	$1.565M	0.5%	$6.39	$4.07	—	COM	09570Q509
OTGAW	OTG ACQUISITION CORP. I	80,822	$33,206	0.0%	$0.41	$0.32	—	*W EXP 09/05/203	G6791A118
DRDB	ROMAN DBDR ACQUISITION CORP	130,026	$1.37M	0.5%	$10.54	$9.96	—	ORD SHS CL A	G7633M104