| SSTATE STR SPDR S&P 500 ETF TSPY |
| 42.25% | 9.06% | $151.2M | 202,500 | $26.0M | 40,000 | +162,500+406.25% | Add |
 ROYAL GOLD INC COMRGLD |
| 7.94% | 10.67% | $28.4M | 142,332 | $30.6M | 120,332 | +22,000+18.28% | Add |
| BB2GOLD CORPBTG |
| 6.27% | 7.42% | $22.5M | 6.0M | $21.3M | 4.7M | +1.3M+27.72% | Add |
| EELEMENTAL RTY CORPELE |
| 4.56% | 7.2% | $16.3M | 934,458 | $20.7M | 1.1M | -162,750-14.83% | Reduce |
| IIAMGOLD CORPIAG |
| 3.81% | 7.25% | $13.6M | 860,162 | $20.8M | 1.1M | -246,450-22.27% | Reduce |
 VIZSLA SILVER CORPVZLA |
| 3.32% | 2.16% | $11.9M | 3.6M | $6.2M | 1.9M | +1.7M+91.91% | Add |
 AGNICO EAGLE MINES LTDAEM |
| 3.24% | 1.97% | $11.6M | 74,827 | $5.6M | 27,810 | +47,017+169.07% | Add |
| SSSR MINING INSSRM |
| 3.08% | 7.09% | $11.0M | 389,776 | $20.4M | 692,540 | -302,764-43.72% | Reduce |
| CCOEUR MNG INCCDE |
| 2.83% | 9.61% | $10.1M | 620,000 | $27.6M | 1.5M | -850,000-57.82% | Reduce |
 AMERICAS GOLD AND SILVER CORUSAS |
| 2.64% | — | $9.4M | 2.0M | $0 | 0 | +2.0M | New Buy |
 OR ROYALTIES INC.OR |
| 2.61% | 2.06% | $9.3M | 295,316 | $5.9M | 155,316 | +140,000+90.14% | Add |
| CCENTERRA GOLD INCCGAU |
| 2.42% | 3.38% | $8.7M | 545,600 | $9.7M | 545,600 | 00.00% | Unchanged |
 WHEATON PRECIOUS METALS CORPWPM |
| 2.01% | 2.74% | $7.2M | 63,990 | $7.9M | 60,090 | +3,900+6.49% | Add |
| MMETALLA RTY & STREAMING LTDMTA |
| 1.98% | — | $7.1M | 928,961 | $0 | 0 | +928,961 | New Buy |
| HHUDBAY MINERALS INCHBM |
| 1.72% | — | $6.1M | 260,000 | $0 | 0 | +260,000 | New Buy |
| FFORTUNA MNG CORPFSM |
| 1.36% | — | $4.9M | 575,000 | $0 | 0 | +575,000 | New Buy |
 URANIUM ENERGY CORP COMUEC |
| 1.26% | — | $4.5M | 422,157 | $0 | 0 | +422,157 | New Buy |
| WWARRIOR MET COAL INCHCC |
| 1.2% | 2.37% | $4.3M | 52,944 | $6.8M | 72,944 | -20,000-27.42% | Reduce |
| AALMONTY INDS INCALM |
| 1.16% | 1.26% | $4.1M | 250,000 | $3.6M | 250,000 | 00.00% | Unchanged |
 NEXGEN ENERGY LTDNXE |
| 1.04% | 1.83% | $3.7M | 397,612 | $5.2M | 452,138 | -54,526-12.06% | Reduce |
 HYCROFT MNG HLDG CORP CLASS AHYMC |
| 0.65% | 2.45% | $2.3M | 100,000 | $7.0M | 200,100 | -100,100-50.02% | Reduce |
| NNEW PAC METALS CORPNEWP |
| 0.56% | — | $2.0M | 500,000 | $0 | 0 | +500,000 | New Buy |
| NNEXMETALS MINING CORP.NEXM |
| 0.55% | 0.7% | $2.0M | 826,606 | $2.0M | 815,206 | +11,400+1.40% | Add |
| DDENISON MINES CORPDNN |
| 0.43% | 0.61% | $1.5M | 500,000 | $1.8M | 500,000 | 00.00% | Unchanged |
 ALCOA CORPAA |
| 0.42% | — | $1.5M | 29,000 | $0 | 0 | +29,000 | New Buy |
 AVINO SILVER & GOLD MINES LTASM |
| 0.27% | — | $951,000 | 150,000 | $0 | 0 | +150,000 | New Buy |
 LIFEZONE METALS LIMITED ORD SHSLZM |
| 0.15% | 0.16% | $530,606 | 136,754 | $459,493 | 136,754 | 00.00% | Unchanged |
| FFURY GOLD MINES LIMITEDFURY |
| 0.14% | — | $517,590 | 958,500 | $0 | 0 | +958,500 | New Buy |
| LLIFEZONE METALS LIMITED |
| 0.13% | 0.13% | $453,358 | 1.1M | $385,227 | 939,578 | +166,173+17.69% | Add |
| AANFIELD ENERGY INCAEC |
| 0.03% | 0.34% | $119,865 | 27,429 | $983,598 | 176,272 | -148,843-84.44% | Reduce |
