SCHEDULE 13G/A 0001140361-25-025601 0001279891 XXXXXXXX LIVE 1 Class A Ordinary Shares, par value $0.0001 per share 10/08/2025 0002029492 Mountain Lake Acquisition Corp. G6301B101 930 Tahoe Blvd STE 802 PMB 45 Incline Village NV 89451 Rule 13d-1(b) WOLVERINE ASSET MANAGEMENT LLC IL 0 1085238 0 1085238 1085238 N 4.56 IA Wolverine Trading Partners, Inc IL 0 1085238 0 1085238 1085238 N 4.56 CO HC Wolverine Holdings, L.P. IL 0 1085238 0 1085238 1085238 N 4.56 HC Christopher L. Gust IL 0 1085238 0 1085238 1085238 N 4.56 IN HC Robert R. Bellick IL 0 1085238 0 1085238 1085238 N 4.56 IN HC Mountain Lake Acquisition Corp. 930 Tahoe Blvd STE 802 PMB 45, Incline Village, Nevada, 89451 Wolverine Asset Management, LLC Wolverine Holdings, L.P. Wolverine Trading Partners, Inc. Christopher L. Gust Robert R. Bellick c/o Wolverine Asset Management, LLC 175 West Jackson Boulevard, Suite 340 Chicago, IL 60604 Wolverine Asset Management, LLC - Illinois Wolverine Holdings, L.P. - Illinois Wolverine Trading Partners, Inc. - Illinois Christopher L. Gust - U.S. Citizen Robert R. Bellick - U.S. Citizen N IA HC Wolverine Asset Management, LLC ("WAM") is an investment manager and has voting and dispositive power over 1,085,238 Class A ordinary shares of the Issuer. The sole member and manager of WAM is Wolverine Holdings, L.P. ("Wolverine Holdings"). Robert R. Bellick and Christopher L. Gust may be deemed to control Wolverine Trading Partners, Inc. ("WTP"), the general partner of Wolverine Holdings. 4.56%. WAM may be deemed the beneficial owner of 4.56% of the Issuer's Class A ordinary shares, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust may be deemed the beneficial owner of 4.56% of the Issuer's outstanding Class A ordinary shares. Percentages were calculated by dividing the number of shares deemed beneficially owned by each reporting person by 23,805,000 (the number of the Issuer's Class A ordinary shares outstanding as of November 10, 2025 according to the Issuer's September 30, 2025 Form 10-Q). 0 WAM has shared power to vote or direct the vote of 1,085,238 of the Issuer's Class A ordinary shares, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust has shared power to vote or direct the vote of 1,085,238 of the Issuer's Class A ordinary shares, in each case as set forth in Item 4(a) above. 0 WAM has shared power to dispose or direct the disposition of 1,085,238 of the Issuer's Class A ordinary shares, and each of Wolverine Holdings, WTP, Mr. Bellick, and Mr. Gust has shared power to dispose or direct the disposition of 1,085,238 of the Issuer's Class A ordinary shares, in each case as set forth in Item 4(a) above. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. WOLVERINE ASSET MANAGEMENT LLC /s/ Kenneth L. Nadel 12/19/2025 Wolverine Trading Partners, Inc /s/ Christopher L. Gust 12/19/2025 Wolverine Holdings, L.P. /s/ Christopher L. Gust 12/19/2025 Christopher L. Gust /s/ Christopher L. Gust 12/19/2025 Robert R. Bellick /s/ Robert R. Bellick 12/19/2025