| EQX Equinox Gold Corp. | 20.66% | 4,817,923 | $54.0M | Reduce -0.2% |
| HNRG Hallador Energy Co. | 15.06% | 2,010,994 | $39.4M | No change |
| PDS Precision Drilling Corp. | 9.75% | 452,359 | $25.5M | Add +110.0% |
| NGS Natural Gas Services Group | 7.19% | 671,112 | $18.8M | No change |
| PBF PBF Energy Inc. Class A | 7.16% | 620,460 | $18.7M | No change |
| CVE Cenovus Energy Inc. | 5.98% | 920,500 | $15.6M | New |
| TDW Tidewater Inc. | 5.64% | 276,529 | $14.7M | No change |
| GAU Galiano Gold Inc. | 5.55% | 6,659,321 | $14.5M | Add +2.4% |
| NOA North American Construction | 4.58% | 841,934 | $12.0M | New |
| EGO Eldorado Gold Corp. | 4.56% | 412,779 | $11.9M | No change |
| BSET Bassett Furniture Inds | 2.85% | 476,119 | $7.4M | No change |
| VET Vermilion Energy Inc. | 2.60% | 870,492 | $6.8M | Add +67.2% |
| ASTL Algoma Steel Group Inc. | 2.43% | 1,786,122 | $6.3M | No change |
| EFXT Enerflex Ltd. | 2.28% | 551,151 | $5.9M | No change |
| WHG Westwood Holdings Group Inc. | 0.63% | 99,926 | $1.6M | No change |
| SLV iShares Silver Trust | 0.57% | 35,383 | $1.5M | No change |
| HNNA Hennessy Advisors Inc. | 0.57% | 141,353 | $1.5M | No change |
| IAUX I-80 Gold Corp. | 0.41% | 1,126,349 | $1.1M | No change |
| ASC Ardmore Shipping Corp. | 0.41% | 89,612 | $1.1M | No change |
| MERC Mercer International Inc. | 0.34% | 309,007 | $890K | No change |
| MIND Mind Technology Inc. | 0.25% | 79,572 | $644K | No change |
| XPL Solitario Resources Corp. | 0.17% | 632,458 | $441K | No change |
| GLD SPDR Gold Shares | 0.11% | 828 | $294K | No change |
| CEF Sprott Physical Gold and Sil | 0.10% | 7,474 | $274K | No change |
| WFG West Fraser Timber Co. Ltd. | 0.08% | 3,142 | $214K | No change |
| DC Dakota Gold Corp. | 0.05% | 30,000 | $137K | No change |