The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AUTOMATIC DATA PROCESSING IN COM 053015103 12,378 54,400 SH   SOLE 54,400 0 0
BANK MONTREAL QUE COM 063671101 216 1,835 SH   SOLE 1,835 0 0
CANADIAN PAC RY LTD COM 13645T100 20,816 252,100 SH   SOLE 252,100 0 0
CORNING INC COM 219350105 380 10,300 SH   SOLE 10,300 0 0
DANIMER SCIENTIFIC INC COM CL A 236272100 165 28,100 SH   SOLE 28,100 0 0
DENISON MINES CORP COM 248356107 262 160,300 SH   SOLE 160,300 0 0
ENERPLUS CORP COM 292766102 290 22,856 SH   SOLE 22,856 0 0
FIFTH THIRD BANCORP COM 316773100 426 9,900 SH   SOLE 9,900 0 0
HUDBAY MINERALS INC COM 443628102 29,633 3,770,865 SH   SOLE 58,600 0 0
MAGNA INTL INC COM 559222401 13,927 216,825 SH   SOLE 211,725 0 0
MANULIFE FINL CORP COM 56501R106 28,620 1,341,450 SH   SOLE 25,600 0 0
MASTERCARD INCORPORATED CL A 57636Q104 214 600 SH   SOLE 600 0 0
MCEWEN MNG INC COM 58039P107 45 54,100 SH   SOLE 54,100 0 0
MODERNA INC COM 60770K107 8,704 50,530 SH   SOLE 50,530 0 0
NEW GOLD INC CDA COM 644535106 45 25,000 SH   SOLE 25,000 0 0
NEWMONT CORP COM 651639106 32,489 408,930 SH   SOLE 408,930 0 0
ORIGIN MATERIALS INC *W EXP 06/25/202 68622D114 26 16,600 SH   SOLE 16,600 0 0
PLUG POWER INC COM NEW 72919P202 18,295 639,450 SH   SOLE 639,450 0 0
ROYAL BK CDA COM 780087102 14,130 128,288 SH   SOLE 122,065 0 0
SUN LIFE FINANCIAL INC. COM 866796105 357 6,400 SH   SOLE 2,400 0 0
TC ENERGY CORP COM 87807B107 28,271 501,015 SH   SOLE 11,550 0 0
TECK RESOURCES LTD CL B 878742204 1,159 28,700 SH   SOLE 28,700 0 0
TELUS CORPORATION COM 87971M103 26,689 1,021,145 SH   SOLE 1,021,145 0 0
TEXAS INSTRS INC COM 882508104 12,743 69,452 SH   SOLE 69,452 0 0
DISNEY WALT CO COM 254687106 9,413 68,625 SH   SOLE 68,625 0 0
TORONTO DOMINION BK ONT COM NEW 891160509 26,077 328,525 SH   SOLE 328,525 0 0
VERISK ANALYTICS INC COM 92345Y106 461 2,150 SH   SOLE 2,150 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 28,225 554,075 SH   SOLE 554,075 0 0