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		<nameOfIssuer>AMERICAN AIRLINES GROUP INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>02376R102</cusip>
		<value>3524011</value>
		<shrsOrPrnAmt>
			<sshPrnamt>195020</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>182000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ARIS MINING CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>04040Y109</cusip>
		<value>26110705</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1751221</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1464235</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BITDEER TECHNOLOGIES GROUP</nameOfIssuer>
		<titleOfClass>CL A ORD SHS</titleOfClass>
		<cusip>G11448100</cusip>
		<value>455469</value>
		<shrsOrPrnAmt>
			<sshPrnamt>28700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>25000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CEREBRAS SYSTEMS INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>15675D103</cusip>
		<value>596700</value>
		<shrsOrPrnAmt>
			<sshPrnamt>2700</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>35000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CEREBRAS SYSTEMS INC</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>15675D903</cusip>
		<value>663000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>3000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CHEMOURS CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>163851108</cusip>
		<value>2932308</value>
		<shrsOrPrnAmt>
			<sshPrnamt>142900</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>130600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CONTROLADORA VUELA COMP DE A</nameOfIssuer>
		<titleOfClass>SPON ADR RP 10</titleOfClass>
		<cusip>21240E105</cusip>
		<value>16441670</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1754714</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1751221</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CORE NATURAL RESOURCES INC</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>218937100</cusip>
		<value>21327891</value>
		<shrsOrPrnAmt>
			<sshPrnamt>266532</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>265000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CVR ENERGY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>12662P108</cusip>
		<value>2570198</value>
		<shrsOrPrnAmt>
			<sshPrnamt>93326</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>80200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DARLING INGREDIENTS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>237266101</cusip>
		<value>30920054</value>
		<shrsOrPrnAmt>
			<sshPrnamt>566094</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>531645</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DELEK US HLDGS INC NEW</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>24665A103</cusip>
		<value>10278863</value>
		<shrsOrPrnAmt>
			<sshPrnamt>202300</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>195020</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DHT HOLDINGS INC</nameOfIssuer>
		<titleOfClass>SHS NEW</titleOfClass>
		<cusip>Y2065G121</cusip>
		<value>22961740</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1389095</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1270612</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>EAGLEROCK LD LLC</nameOfIssuer>
		<titleOfClass>CL A SHS REP LTD</titleOfClass>
		<cusip>27005A105</cusip>
		<value>1487500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>59794</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FERROGLOBE PLC</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>G33856108</cusip>
		<value>2932650</value>
		<shrsOrPrnAmt>
			<sshPrnamt>922217</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>734227</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FRONTLINE PLC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>M46528101</cusip>
		<value>12863255</value>
		<shrsOrPrnAmt>
			<sshPrnamt>369740</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>276500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FUTUREFUEL CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>36116M106</cusip>
		<value>337766</value>
		<shrsOrPrnAmt>
			<sshPrnamt>74727</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>66060</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GREEN PLAINS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>393222104</cusip>
		<value>19542013</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1270612</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1169685</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GREENLAND ENERGY CO</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>70580B106</cusip>
		<value>608300</value>
		<shrsOrPrnAmt>
			<sshPrnamt>276500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>274022</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>GREENLAND ENERGY CO</nameOfIssuer>
		<titleOfClass>*W EXP 04/21/203</titleOfClass>
		<cusip>70580B114</cusip>
		<value>225250</value>
		<shrsOrPrnAmt>
			<sshPrnamt>265000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>205000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HF SINCLAIR CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>403949100</cusip>
		<value>6760438</value>
		<shrsOrPrnAmt>
			<sshPrnamt>97063</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>93326</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HMH HLDG INC</nameOfIssuer>
		<titleOfClass>CL A</titleOfClass>
		<cusip>40445M100</cusip>
		<value>2963937</value>
		<shrsOrPrnAmt>
			<sshPrnamt>158161</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>142900</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HUDBAY MINERALS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>443628102</cusip>
		<value>17311505</value>
		<shrsOrPrnAmt>
			<sshPrnamt>734227</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>624872</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>HUT 8 CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>44812J104</cusip>
		<value>2445702</value>
		<shrsOrPrnAmt>
			<sshPrnamt>21185</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>830</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>IAMGOLD CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>450913108</cusip>
		<value>6405094</value>
		<shrsOrPrnAmt>
			<sshPrnamt>404362</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>369885</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>PUT</titleOfClass>
		<cusip>464287955</cusip>
		<value>10515750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>35000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>35000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ISHARES TR</nameOfIssuer>
		<titleOfClass>PUT</titleOfClass>
		<cusip>464287953</cusip>
		<value>640760</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Put</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>1000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KEEL INFRASTRUCTURE CORP</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>486917107</cusip>
		<value>475272</value>
		<shrsOrPrnAmt>
			<sshPrnamt>82800</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>74727</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MATADOR RES CO</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>576485205</cusip>
		<value>3992356</value>
		<shrsOrPrnAmt>
			<sshPrnamt>80200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MICRON TECHNOLOGY INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>595112103</cusip>
		<value>958061</value>
		<shrsOrPrnAmt>
			<sshPrnamt>830</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MOSAIC CO</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>61945C903</cusip>
		<value>10595000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>OKEANIS ECO TANKERS COR</nameOfIssuer>
		<titleOfClass>SHS</titleOfClass>
		<cusip>Y64177101</cusip>
		<value>6712171</value>
		<shrsOrPrnAmt>
			<sshPrnamt>133922</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>129900</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PAR PAC HOLDINGS INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>69888T207</cusip>
		<value>3704645</value>
		<shrsOrPrnAmt>
			<sshPrnamt>66060</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>45100</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PEABODY ENGR CORP</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>704551100</cusip>
		<value>9766628</value>
		<shrsOrPrnAmt>
			<sshPrnamt>422432</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>404362</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PILGRIMS PRIDE CORP</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>72147K908</cusip>
		<value>14055000</value>
		<shrsOrPrnAmt>
			<sshPrnamt>500000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>500000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PPG INDS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>693506107</cusip>
		<value>5470179</value>
		<shrsOrPrnAmt>
			<sshPrnamt>45100</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>36600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RANGER ENERGY SVCS INC</nameOfIssuer>
		<titleOfClass>COM CL A</titleOfClass>
		<cusip>75282U104</cusip>
		<value>1816495</value>
		<shrsOrPrnAmt>
			<sshPrnamt>113460</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>96200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>RICE ACQUISITION CORP 3</nameOfIssuer>
		<titleOfClass>UNIT 99/99/9999</titleOfClass>
		<cusip>G7553X122</cusip>
		<value>5693918</value>
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			<sshPrnamt>531645</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
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			<Sole>422432</Sole>
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			<None>0</None>
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		<nameOfIssuer>RIOT PLATFORMS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>767292105</cusip>
		<value>1002108</value>
		<shrsOrPrnAmt>
			<sshPrnamt>36600</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>28700</Sole>
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			<None>0</None>
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		<nameOfIssuer>RYANAIR HOLDINGS PLC</nameOfIssuer>
		<titleOfClass>SPONSORED ADR</titleOfClass>
		<cusip>783513203</cusip>
		<value>2225458</value>
		<shrsOrPrnAmt>
			<sshPrnamt>34370</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>27423</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>SABLE OFFSHORE CORP</nameOfIssuer>
		<titleOfClass>COM SHS</titleOfClass>
		<cusip>78574H104</cusip>
		<value>184166</value>
		<shrsOrPrnAmt>
			<sshPrnamt>59794</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>36990</Sole>
			<Shared>0</Shared>
			<None>0</None>
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		<nameOfIssuer>SOLARIS RES INC</nameOfIssuer>
		<titleOfClass>COM NEW</titleOfClass>
		<cusip>83419D201</cusip>
		<value>983701</value>
		<shrsOrPrnAmt>
			<sshPrnamt>182360</sshPrnamt>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>158161</Sole>
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		<nameOfIssuer>TREKOR METALS LTD</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>89472Y107</cusip>
		<value>4189404</value>
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			<sshPrnamt>608925</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>566094</Sole>
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			<None>0</None>
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		<nameOfIssuer>UNITED AIRLS HLDGS INC</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>910047109</cusip>
		<value>5030270</value>
		<shrsOrPrnAmt>
			<sshPrnamt>36990</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>34370</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>VANECK ETF TRUST</nameOfIssuer>
		<titleOfClass>CALL</titleOfClass>
		<cusip>92189F901</cusip>
		<value>6877500</value>
		<shrsOrPrnAmt>
			<sshPrnamt>70000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<putCall>Call</putCall>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>70000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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		<nameOfIssuer>WESTLAKE CORPORATION</nameOfIssuer>
		<titleOfClass>COM</titleOfClass>
		<cusip>960413102</cusip>
		<value>7022600</value>
		<shrsOrPrnAmt>
			<sshPrnamt>96200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
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		<investmentDiscretion>SOLE</investmentDiscretion>
		<votingAuthority>
			<Sole>82800</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
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