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
Expires: July 31, 2015
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
ALBEMARLE CORP COM 012653101 1,512,606 11,202 SH SOLE 0 0 11,202
ALBEMARLE CORP COM 012653101 10,802,400 80,000 SH Put SOLE 0 0 80,000
ALLIANCE RESOURCE PARTNERS L UT LTD PART 01877R108 13,069,100 545,000 SH Call SOLE 0 0 545,000
AMCOR PLC COM NEW G0250X149 3,554,180 81,988 SH SOLE 0 0 81,988
CAMECO CORP COM 13321L108 2,497,913 24,523 SH SOLE 0 0 24,523
CHEMOURS CO COM 163851108 6,845,328 333,593 SH SOLE 0 0 333,593
CHEMOURS CO COM 163851108 10,465,200 510,000 SH Call SOLE 0 0 510,000
CLEVELAND-CLIFFS INC NEW COM 185899101 727,725 77,500 SH SOLE 0 0 77,500
CLEVELAND-CLIFFS INC NEW COM 185899101 4,695,000 500,000 SH Put SOLE 0 0 500,000
CORE NATURAL RESOURCES INC COM SHS 218937100 4,401,100 55,000 SH SOLE 0 0 55,000
ECOLAB INC COM 278865100 4,179,150 15,000 SH SOLE 0 0 15,000
EVGO INC CL A COM 30052F100 584,023 305,771 SH SOLE 0 0 305,771
FEDEX CORP COM 31428X106 1,483,923 4,739 SH SOLE 0 0 4,739
FLUOR CORP COM 343412102 7,605,352 145,168 SH SOLE 0 0 145,168
FLUOR CORP COM 343412102 10,478,000 200,000 SH Call SOLE 0 0 200,000
HALLADOR ENERGY COMPANY COM 40609P105 15,429,034 887,236 SH SOLE 0 0 887,236
HALLADOR ENERGY COMPANY COM 40609P105 8,260,250 475,000 SH Call SOLE 0 0 475,000
HUT 8 CORP COM 44812J104 7,634,147 66,128 SH SOLE 0 0 66,128
INGEVITY CORP COM 45688C107 3,589,611 48,073 SH SOLE 0 0 48,073
INTERNATIONAL PAPER CO COM 460146103 4,906,518 128,780 SH SOLE 0 0 128,780
KRONOS WORLDWIDE INC COM 50105F105 878,262 138,746 SH SOLE 0 0 138,746
PACKAGING CORP AMER COM 695156109 4,889,267 20,519 SH SOLE 0 0 20,519
RAMACO RES INC COM CL A 75134P600 33,636,058 2,542,408 SH SOLE 0 0 2,542,408
RAMACO RES INC COM CL A 75134P600 35,191,800 2,660,000 SH Call SOLE 0 0 2,660,000
REALLOYS INC COM 75606V101 1,287,986 89,134 SH SOLE 0 0 89,134
SIGMA LITHIUM CORPORATION COM 826599102 10,420,906 823,787 SH SOLE 0 0 823,787
SIGMA LITHIUM CORPORATION COM 826599102 57,431,000 4,540,000 SH Call SOLE 0 0 4,540,000
SPDR SERIES TRUST ST STR SP METAL 78464A755 2,737,408 25,600 SH Put SOLE 0 0 25,600
SUNRUN INC COM 86771W105 2,825,133 211,146 SH SOLE 0 0 211,146
SUNRUN INC COM 86771W105 18,732,000 1,400,000 SH Call SOLE 0 0 1,400,000
VALE S A SPONSORED ADS 91912E105 6,028,000 400,000 SH Put SOLE 0 0 400,000