Electrum Group LLC Hedge Fund

CIK: 0001565641 · Show all filings

Period: Q4 2025

Filing Date: Feb 11, 2026

Total Value ($000): $1,146,929 (100.0% shares, 0.0% debt)

Holdings (9)

NG NOVAGOLD RES INC 75.5%

Value ($000) $865,854 Shares 92,902,813 Est. Cost $9.27 Unrealized 0.0%

TMQ TRILOGY METALS INC NEW 11.9%

Value ($000) $136,216 Shares 31,604,741 Est. Cost $4.71 Unrealized 0.0%

THM INTERNATIONAL TOWER HILL MIN 4.7%

Value ($000) $53,504 Shares 28,765,672 Est. Cost $1.86 Unrealized 0.0%

SILJ AMPLIFY ETF TR 2.5%

Value ($000) $29,126 Shares 1,052,615 Est. Cost $27.67 Unrealized —

SIL GLOBAL X FDS 2.5%

Value ($000) $28,565 Shares 342,009 Est. Cost $83.52 Unrealized —

HL HECLA MNG CO 1.1%

Value ($000) $12,574 Shares 655,251 Est. Cost $15.27 Unrealized 0.0%

PAAS PAN AMERN SILVER CORP 1.0%

Value ($000) $11,198 Shares 216,130 Est. Cost $41.86 Unrealized 0.0%

CDE COEUR MNG INC 0.7%

Value ($000) $8,582 Shares 481,315 Est. Cost $17.39 Unrealized 0.0%

DC/WS DAKOTA GOLD CORP 0.1%

Value ($000) $1,310 Shares 360,755 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NG	NOVAGOLD RES INC	92,902,813	$865,854	75.5%	$9.27	0.0%	COM NEW	66987E206
TMQ	TRILOGY METALS INC NEW	31,604,741	$136,216	11.9%	$4.71	0.0%	COM	89621C105
THM	INTERNATIONAL TOWER HILL MIN	28,765,672	$53,504	4.7%	$1.86	0.0%	COM	46050R102
SILJ	AMPLIFY ETF TR	1,052,615	$29,126	2.5%	$27.67	—	AMPLIFY JUNIOR S	032108649
SIL	GLOBAL X FDS	342,009	$28,565	2.5%	$83.52	—	GLOBAL X SILVER	37954Y848
HL	HECLA MNG CO	655,251	$12,574	1.1%	$15.27	0.0%	COM	422704106
PAAS	PAN AMERN SILVER CORP	216,130	$11,198	1.0%	$41.86	0.0%	COM	697900108
CDE	COEUR MNG INC	481,315	$8,582	0.7%	$17.39	0.0%	COM NEW	192108504
DC/WS	DAKOTA GOLD CORP	360,755	$1,310	0.1%	—	—	Call	46655E118