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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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ALBEMARLE CORP COM 012653101   1,646,298 17,725 SH   SOLE   17,725 0 0
ALCOA CORP COM 013872106   2,343,846 67,800 SH   SOLE   67,800 0 0
ALGOMA STL GROUP INC COM 015658107   43,429,639 4,977,609 SH   SOLE   4,977,609 0 0
APPLIED DIGITAL CORP COM NEW 038169207   2,218,500 425,000 SH   SOLE   425,000 0 0
ATLAS LITHIUM CORP COM NEW 105861306   1,835,626 147,796 SH   SOLE   147,796 0 0
BITDEER TECHNOLOGIES GROUP CL A ORD SHS G11448100   1,305,811 112,667 SH   SOLE   112,667 0 0
CHESAPEAKE ENERGY CORP COM 165167735   1,360,800 16,800 SH   SOLE   16,800 0 0
CIVITAS RESOURCES INC COM NEW 17888H103   5,028,978 70,741 SH   SOLE   70,741 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101   1,231,000 80,000 SH Call SOLE   80,000 0 0
COEUR MNG INC COM NEW 192108504   1,783,600 280,000 SH   SOLE   280,000 0 0
DARLING INGREDIENTS INC COM 237266101   5,126,700 138,000 SH   SOLE   138,000 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201   3,504,154 217,920 SH   SOLE   217,920 0 0
ENLINK MIDSTREAM LLC COM UNIT REP LTD 29336T100   243,204 16,948 SH   SOLE   16,948 0 0
FERROGLOBE PLC SHS G33856108   18,030,542 3,133,022 SH   SOLE   3,133,022 0 0
GEVO INC COM PAR 374396406   829,920 1,399,764 SH   SOLE   1,399,764 0 0
GREEN PLAINS INC COM 393222104   1,010,646 61,700 SH   SOLE   61,700 0 0
MARATHON PETE CORP COM 56585A102   35,742,996 215,618 SH   SOLE   215,618 0 0
MURPHY OIL CORP COM 626717102   2,464,898 60,355 SH   SOLE   60,355 0 0
NET POWER INC COM CL A 64107A105   1,073,180 112,729 SH   SOLE   112,729 0 0
NOBLE CORP PLC ORD SHS A G65431127   2,528,613 53,892 SH   SOLE   53,892 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207   13,095,471 559,277 SH   SOLE   559,277 0 0
PEABODY ENERGY CORP COM 704551100   48,054,018 2,126,284 SH   SOLE   2,126,284 0 0
PEABODY ENERGY CORP COM 704551100   2,212,000 100,000 SH Call SOLE   100,000 0 0
PHILLIPS 66 COM 718546104   14,968,875 107,400 SH   SOLE   107,400 0 0
PIEDMONT LITHIUM INC COM 72016P105   171,193 15,713 SH   SOLE   15,713 0 0
RIOT PLATFORMS INC COM 767292105   584,222 47,517 SH   SOLE   47,517 0 0
SELECT SECTOR SPDR TR ENERGY 81369Y506   10,703,521 116,558 SH   SOLE   116,558 0 0
SERVE ROBOTICS INC COM 81758H106   2,011,803 208,910 SH   SOLE   208,910 0 0
SIGMA LITHIUM CORPORATION COM 826599102   3,438,398 279,772 SH   SOLE   279,772 0 0
SILVERBOW RES INC COM 82836G102   9,224,571 243,264 SH   SOLE   243,264 0 0
SOUTHERN COPPER CORP COM 84265V105   673,712 6,447 SH   SOLE   6,447 0 0
SPDR GOLD TR GOLD SHS 78463V107   7,276,331 32,874 SH   SOLE   32,874 0 0
STRONGHOLD DIGITAL MINING IN CLASS A COM 86337R202   484,932 118,856 SH   SOLE   118,856 0 0
TYSON FOODS INC CL A 902494103   6,346,170 107,000 SH   SOLE   107,000 0 0
VANECK ETF TRUST GOLD MINERS ETF 92189F106   2,513,394 67,239 SH   SOLE   67,239 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   15,373,459 30,169 SH   SOLE   30,169 0 0
VITAL ENERGY INC COM 516806205   10,442,965 231,500 SH   SOLE   231,500 0 0