Karus Mining, Inc.

NPORT-P false 0000101507 XXXXXXXX S000004784 C000012995 U.S. GLOBAL INVESTORS FUNDS 811-01800 0000101507 254900I1ONHL0TVFXN37 THREE CANAL PLAZA, SUITE 600 PORTLAND 04101 207-347-2000 USGI WORLD PRECIOUS MINERALS FUND S000004784 254900VHFCA926PWYI69 2026-12-31 2026-06-30 N 66865494.43 114217.10 66751277.33 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1531627.57000000 N Karus Mining Inc N/A Karus Mining, Inc. N/A 37500.00000000 NS 22474.88000000 0.033669587907 Long EC CORP CA N 3 N N N Viva Gold Corp 549300CWOCMDUYBF9W35 Viva Gold Corp. N/A 470000.00000000 NS 39767.32000000 0.059575369327 Long EC CORP CA N 1 N N N Compass Gold Corp 52990063EJ2D3YGK9Z56 Compass Gold Corp. N/A 2975000.00000000 NS 314648.33000000 0.471374245685 Long EC CORP CA N 1 N N N Prospector Metals Corp 549300IEBTUL1JW5AZ30 Prospector Metals Corp. N/A 297000.00000000 NS 251295.61000000 0.376465619912 Long EC CORP CA N 1 N N N Nano One Materials Corp 549300WY1QJ560JAB909 Nano One Materials Corp. N/A 2760500.00000000 NS 1498737.88000000 2.245257229446 Long EC CORP CA N 1 N N N Medallion Metals Ltd N/A Medallion Metals, Ltd. N/A 1000000.00000000 NS 272295.06000000 0.407924868094 Long EC CORP AU N 2 N N N Americas Gold & Silver Corp 5493005AKGOT669Z4P51 Americas Gold & Silver Corp. N/A 225000.00000000 NS 1064516.13000000 1.594750201913 Long EC CORP CA N 1 N N N Visionary Copper and Gold Mine 52990040N8FRDGSE3Y81 Visionary Copper and Gold Mines, Inc. N/A 350000.00000000 NS 441741.58000000 0.661772474878 Long EC CORP CA N 1 N N N Collective Mining Ltd 98450055FE5CF6E9J694 Collective Mining, Ltd. N/A 15000.00000000 NS 184558.43000000 0.276486739104 Long EC CORP CA N 1 N N N Orosur Mining Inc N/A Orosur Mining, Inc. N/A 375000.00000000 NC 17186.67000000 0.025747327523 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Orosur Mining Inc Orosur Mining Inc 1.00000000 0.45000000 CAD 2027-03-27 XXXX 17186.67000000 N N N Big Sky Energy Corp N/A Big Sky Energy Corp. 089544100 2000000.00000000 NS USD 0.02000000 0.000000029961 Long EC CORP US N 3 N N N Westhaven Gold Corp N/A Westhaven Gold Corp. BMW1DF0W2 350000.00000000 NC 11105.24000000 0.016636745309 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 0.22000000 CAD 2026-10-17 XXXX 11105.24000000 N N N Sunshine Silver Mining & Refin 529900DM8B1YHVGUTA53 Sunshine Silver Mining & Refining Co. 867866105 55000.00000000 NS USD 727100.00000000 1.089267545256 Long EC CORP US N 1 N N N Kootenay Silver Inc 529900HM3U0AXDDZPG82 Kootenay Silver, Inc. N/A 525000.00000000 NS 477525.12000000 0.715379748673 Long EC CORP CA N 1 N N N Southern Silver Exploration Co N/A Southern Silver Exploration Corp. BQVP7B5W2 187500.00000000 NC 6610.26000000 0.009902821735 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Southern Silver Exploration Co Southern Silver Exploration Corp 1.00000000 0.40000000 CAD 2028-07-31 XXXX 6610.26000000 N N N GFG Resources Inc N/A GFG Resources, Inc. N/A 500000.00000000 NC 0.01000000 0.000000014980 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased GFG Resources Inc GFG Resources Inc 1.00000000 0.24000000 CAD 2027-11-03 XXXX 0.01000000 N N N Mithril Silver And Gold Ltd 529900OQBPU9YVTBDT40 Mithril Silver and Gold, Ltd. N/A 1400000.00000000 NS 222104.71000000 0.332734771354 Long EC CORP AU N 1 N N N Westward Gold Inc 984500504C45AE75E922 Westward Gold, Inc. N/A 3040000.00000000 NS 214348.67000000 0.321115458121 Long EC CORP CA N 1 N N N Arizona Eagle Mining Corp N/A Arizona Eagle Mining Corp. N/A 200000.00000000 NS 133967.92000000 0.200697163198 Long EC CORP CA N 1 N N N K92 Mining Inc 254900EA8H0X9FEVZU11 K92 Mining, Inc. N/A 150000.00000000 NS 2354309.89000000 3.526988522423 Long EC CORP CA N 1 N N N Sinda Ltd N/A Sinda, Ltd. G81569108 35000.00000000 NS USD 420000.00000000 0.629201442728 Long EC CORP KY N 1 N N N GR Silver Mining Ltd 254900K448VPXRKTBM08 GR Silver Mining, Ltd. N/A 2500000.00000000 NS 546448.09000000 0.818633158581 Long EC CORP CA N 1 N N N ARIS MINING CORP N/A Aris Gold Corp. 04041BAA6 294716.00000000 PA USD 825204.80000000 1.236238215967 Long DBT CORP CA N 2 2027-08-26 Fixed 7.50000000 N N N N N N SUA Holdings Ltd N/A SUA Holdings, Ltd. N/A 25000.00000000 NS 740.35000000 0.001109117352 Long EC CORP CA N 3 N N N G2 Goldfields Inc N/A G2 Goldfields, Inc. N/A 500000.00000000 NS 3317468.71000000 4.969895472710 Long EC CORP CA N 1 N N N Metallic Minerals Corp 254900CS1IQU1MD3P979 Metallic Minerals Corp. N/A 1000000.00000000 NS 132205.18000000 0.198056404743 Long EC CORP CA N 1 N N N Osisko Development Corp 984500A8CC57F67DJ124 Osisko Development Corp. N/A 250000.00000000 NS 608143.84000000 0.911059479796 Long EC CORP CA N 1 N N N Highlander Silver Corp 875500NW47V6ALTUO315 Highlander Silver Corp. N/A 325000.00000000 NS 1526176.63000000 2.286363184415 Long EC CORP CA N 1 N N N Silver X Mining Corp 894500TOVTJDJJ6WSU81 Silver X Mining Corp. N/A 150000.00000000 NS 67689.05000000 0.101404875992 Long EC CORP CA N 1 N N N Stillwater Critical Minerals C 254900QTFL63EEGGYZ88 Stillwater Critical Minerals Corp. N/A 503000.00000000 NS 90438.92000000 0.135486426054 Long EC CORP CA N 1 N N N Metallic Minerals Corp N/A Metallic Minerals Corp. BDFFTN6W2 125000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Metallic Minerals Corp Metallic Minerals Corp 1.00000000 0.40000000 CAD 2029-06-22 XXXX 0.00000000 N N N Montage Gold Corp 9845004C6BCE77ACA795 Montage Gold Corp. N/A 294200.00000000 NS 3345986.96000000 5.012618625196 Long EC CORP CA N 1 N N N Paragon Advanced Labs Inc 529900I49O1IZX5SDV24 Paragon Advanced Labs, Inc. N/A 125000.00000000 NS 193900.93000000 0.290482725958 Long EC CORP CA N 1 N N N Chesapeake Gold Corp N/A Chesapeake Gold Corp. N/A 7500.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 5.65000000 CAD 2029-01-27 XXXX 0.00000000 N N N Denarius Metals Corp N/A Denarius Metals Corp. BP5JG75W3 100000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 0.70000000 CAD 2028-11-19 XXXX 0.00000000 N N N Olive Resource Capital, Inc. 549300W74OU2A0EPT602 Olive Resource Capital, Inc. N/A 4000000.00000000 NS 282037.72000000 0.422520334113 Long EC CORP CA N 1 N N N Minaurum Gold Inc 5299007YUI5DADC64V51 Minaurum Gold, Inc. N/A 1900000.00000000 NS 432046.54000000 0.647248348318 Long EC CORP CA N 1 N N N Xali Gold Corp 549300OVANI3JC4BIG07 Xali Gold Corp. N/A 4875000.00000000 NS 876520.36000000 1.313113988316 Long EC CORP CA Y 1 N N N TDG Gold Corp N/A TDG Gold Corp. 87190J113 115000.00000000 NC 4865.15000000 0.007288474759 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 0.42000000 CAD 2026-07-06 XXXX 4865.15000000 N N N Blossom Gold Inc N/A Blossom Gold, Inc. N/A 300000.00000000 NS 408249.60000000 0.611598184079 Long EC CORP CA N 1 N N N Nano One Materials Corp N/A Nano One Materials Corp. BWCLKK4W2 87500.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Nano One Materials Corp Nano One Materials Corp 1.00000000 1.75000000 CAD 2027-12-10 XXXX 0.00000000 N N N Roscan Gold Corp 529900PPYSZDZGPLMU18 Roscan Gold Corp. N/A 500000.00000000 NS 58170.28000000 0.087144819285 Long EC CORP CA N 1 N N N 1911 Gold Corp N/A 1911 Gold Corp. N/A 22500.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 1.20000000 CAD 2027-12-04 XXXX 0.00000000 N N N RTG Mining Inc N/A RTG Mining, Inc. N/A 3000000.00000000 NS 75000.21000000 0.112357715087 Long EC CORP VG N 2 N N N Revival Gold Inc 529900X2G2T7XSIDUH63 Revival Gold, Inc. N/A 1733400.00000000 NS 794436.81000000 1.190144730972 Long EC CORP CA N 1 N N N Solitario Resources Corp N/A Solitario Resources Corp. 8342EP107 310000.00000000 NS USD 233244.00000000 0.349422526923 Long EC CORP US N 1 N N N Atex Resources Inc N/A Atex Resources, Inc. N/A 75000.00000000 NS 129032.26000000 0.193303057501 Long EC CORP CA N 1 N N N PC Gold Ltd 894500CIIT0LWT1W1J30 PC Gold, Ltd. N/A 400000.00000000 NS 358986.01000000 0.537796465265 Long EC CORP AU N 2 N N N Snowline Gold Corp 529900VVFSE66NAIST38 Snowline Gold Corp. N/A 35000.00000000 NS 316375.82000000 0.473962196162 Long EC CORP CA N 1 N N N Juno Corp N/A Juno Corp. N/A 200000.00000000 NS 564075.45000000 0.845040683208 Long EC CORP CA Y 3 N N N Revival Gold Inc N/A Revival Gold, Inc. BF5RGT1W3 50000.00000000 NC 7050.94000000 0.010563003858 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Revival Gold Inc Revival Gold Inc 1.00000000 0.45000000 CAD 2027-05-30 XXXX 7050.94000000 N N N Stillwater Critical Minerals Corp N/A Stillwater Critical Minerals Corp. BMZNNL9W2 290000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Stillwater Critical Minerals C Stillwater Critical Minerals Corp 1.00000000 0.64000000 CAD 2028-12-24 XXXX 0.00000000 N N N Western Exploration Inc N/A Western Exploration, Inc. BNG5RM0W2 100000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Western Exploration Inc Western Exploration Inc 1.00000000 0.95000000 CAD 2028-06-06 XXXX 0.00000000 N N N Royal Road Minerals Ltd 54930033JDODZL6J2G22 Royal Road Minerals, Ltd. N/A 1500000.00000000 NS 243257.54000000 0.364423797910 Long EC CORP JE N 1 N N N Nexoptic Technology Corp 529900HHVXUHPWU53I46 Nexoptic Technology Corp. N/A 12083.00000000 NS 106.50000000 0.000159547508 Long EC CORP CA Y 1 N N N TriStar Gold, Inc. 5299008HX5259QFD0E46 TriStar Gold, Inc. N/A 30225000.00000000 NS 3303278.69000000 4.948637422576 Long EC CORP CA N 1 N N N Blue Jay Gold Corp 2549006KL0S7APQ74G65 Blue Jay Gold Corp. N/A 300000.00000000 NS 154415.65000000 0.231329880380 Long EC CORP CA N 1 N N N Fury Gold Mines Ltd 549300J7HGQZCNNOU191 Fury Gold Mines, Ltd. N/A 350000.00000000 NS 185087.26000000 0.277278978625 Long EC CORP CA N 1 N N N Drummond Ventures Corp N/A Drummond Ventures Corp. N/A 68300.00000000 NS 163737.00000000 0.245294182447 Long EC CORP CA N 1 N N N New Age Metals Inc 54930045Q4VKFAP8GW50 New Age Metals, Inc. N/A 35880.00000000 NS 6704.18000000 0.010043523162 Long EC CORP CA Y 1 N N N South Pacific Metals Corp 9845009036F7F4558753 South Pacific Metals Corp. N/A 171500.00000000 NS 50787.94000000 0.076085345526 Long EC CORP CA N 1 N N N Scottie Resources Corp 549300ZRO5OWUZN7NZ11 Scottie Resources Corp. N/A 400000.00000000 NS 558434.69000000 0.836590268137 Long EC CORP CA N 1 N N N Sanu Gold Corp 984500BE5C9D66BEFC43 Sanu Gold Corp. N/A 1700000.00000000 NS 359598.10000000 0.538713436481 Long EC CORP CA N 3 N N N Erdene Resource Development Co 529900T4O899O2ZM8216 Erdene Resource Development Corp. N/A 25000.00000000 NS 92719.90000000 0.138903559165 Long EC CORP CA N 1 N N N Gold Terra Resource Corp 2549008SATATZ2JWM022 Gold Terra Resource Corp. N/A 3500000.00000000 NS 456548.56000000 0.683954791970 Long EC CORP CA N 1 N N N Southern Silver Exploration Co 529900VY7ZZW0FTRGM33 Southern Silver Exploration Corp. N/A 1350000.00000000 NS 428344.79000000 0.641702761555 Long EC CORP CA N 1 N N N Silver Tiger Metals Inc 2549009QDIU00MWT6U57 Silver Tiger Metals, Inc. N/A 300000.00000000 NS 167107.35000000 0.250343299310 Long EC CORP CA N 1 N N N Bayhorse Silver Inc 5299002I6KQDRPAT5N26 Bayhorse Silver, Inc. N/A 3750000.00000000 NS 118984.66000000 0.178250761272 Long EC CORP CA N 1 N N N Visionary Copper and Gold Mines Inc N/A Visionary Copper and Gold Mines, Inc. N/A 133588.00000000 NC 64992.58000000 0.097365297863 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Visionary Copper and Gold Mine Visionary Copper and Gold Mines Inc 1.00000000 1.10000000 CAD 2027-12-18 XXXX 64992.58000000 N N N Minaurum Gold Inc N/A Minaurum Gold, Inc. N/A 200000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 0.50000000 CAD 2027-12-11 XXXX 0.00000000 N N N Gorilla Gold Mines Ltd N/A Gorilla Gold Mines, Ltd. N/A 675000.00000000 NS 136781.86000000 0.204912722978 Long EC CORP AU N 2 N N N Western Exploration Inc N/A Western Exploration, Inc. N/A 500000.00000000 NS 193900.93000000 0.290482725958 Long EC CORP CA N 1 N N N West Point Gold Corp 2549005S8H6WG1F3AJ62 West Point Gold Corp. N/A 500000.00000000 NS 500616.96000000 0.749973603538 Long EC CORP CA N 1 N N N Troilus Mining Corp 529900ROF3ICFG84XJ17 Troilus Mining Corp. N/A 100000.00000000 NS 117750.75000000 0.176402242338 Long EC CORP CA N 1 N N N Visionary Metals Corp 5299001W337801DZC196 Visionary Metals Corp. N/A 250000.00000000 NS 44068.39000000 0.066018796587 Long EC CORP CA N 1 N N N Gold X2 Mining Inc 98450058F667FEA56331 Gold X2 Mining, Inc. N/A 1000000.00000000 NS 839062.22000000 1.256997998483 Long EC CORP CA N 1 N N N Borealis Mining Co Ltd N/A Borealis Mining Co., Ltd. N/A 75000.00000000 NS 46007.40000000 0.068923624895 Long EC CORP CA N 1 N N N Blue Moon Metals Inc 254900CUYCO1Z90SIR42 Blue Moon Metals, Inc. N/A 100000.00000000 NS 634584.88000000 0.950670766737 Long EC CORP CA N 1 N N N Compass Gold Corp N/A Compass Gold Corp. N/A 1000000.00000000 NC 0.01000000 0.000000014980 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Compass Gold Corp Compass Gold Corp 1.00000000 0.25000000 CAD 2029-02-12 XXXX 0.01000000 N N N White Gold Corp 5493006H6EXVTZ38UU08 White Gold Corp. N/A 600000.00000000 NS 719196.19000000 1.077426857982 Long EC CORP CA N 1 N N N Canex Metals, Inc. 529900LR684JDC2D8L39 Canex Metals, Inc. N/A 2000000.00000000 NS 352547.15000000 0.528150417642 Long EC CORP CA N 1 N N N Barksdale Resources Corp. N/A Barksdale Resources Corp. N/A 147500.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Barksdale Resources Corp Barksdale Resources Corp 1.00000000 0.60000000 CAD 2027-01-09 XXXX 0.00000000 N N N Barksdale Resources Corp. 549300JSC30UXM5OSU40 Barksdale Resources Corp. N/A 3250000.00000000 NS 893707.03000000 1.338861315839 Long EC CORP CA N 1 N N N Orsu Metals Corp. N/A Orsu Metals Corp. N/A 186922.00000000 NS 0.00000000 0.000000 Long EC CORP VG Y 3 N N N Orex Minerals Inc 254900KY6RXZB3WHZC13 Orex Minerals, Inc. N/A 500000.00000000 NS 54644.81000000 0.081863317356 Long EC CORP CA N 1 N N N Callinex Mines Inc N/A Visionary Copper and Gold Mines, Inc. N/A 50000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Visionary Copper and Gold Mine Visionary Copper and Gold Mines Inc 1.00000000 2.00000000 CAD 2026-07-24 XXXX 0.00000000 N N N Vizsla Silver Corp 549300ADJF7HWIEDL366 Vizsla Silver Corp. N/A 862500.00000000 NS 2833950.29000000 4.245537169258 Long EC CORP CA N 1 N N N Stillwater Critical Minerals Corp N/A Stillwater Critical Minerals Corp. N/A 150000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Stillwater Critical Minerals C Stillwater Critical Minerals Corp 1.00000000 0.34000000 CAD 2028-06-25 XXXX 0.00000000 N N N Bayhorse Silver Inc N/A Bayhorse Silver, Inc. N/A 3750000.00000000 NC 0.03000000 0.000000044942 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Bayhorse Silver Inc Bayhorse Silver Inc 1.00000000 0.10000000 CAD 2029-04-29 XXXX 0.03000000 N N N Arizona Eagle Mining Corp N/A Arizona Eagle Mining Corp. N/A 100000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Arizona Eagle Mining Corp Arizona Eagle Mining Corp 1.00000000 1.50000000 CAD 2028-11-26 XXXX 0.00000000 N N N Adamera Minerals Corp 529900JJSQXUJKI78P19 Adamera Minerals Corp. N/A 761954.00000000 NS 51038.70000000 0.076461008749 Long EC CORP CA N 1 N N N Orosur Mining Inc 213800CRYQM3M8G1OI19 Orosur Mining, Inc. N/A 1000000.00000000 NS 225630.18000000 0.338016273283 Long EC CORP CA N 1 N N N Caribbean Resources Corp N/A Caribbean Resources Corp. N/A 505453.00000000 NS 0.01000000 0.000000014980 Long EC CORP CA N 3 N N N Tolu Minerals Ltd 529900GTAE7MCGHVUG46 Tolu Minerals, Ltd. N/A 2042000.00000000 NS 1636856.22000000 2.452172131340 Long EC CORP PG N 2 N N N Faraday Copper Corp 529900BNJJ4FLFL93V78 Faraday Copper Corp. N/A 43500.00000000 NS 183722.90000000 0.275235032719 Long EC CORP CA Y 1 N N N Goldsky Resources Corp 2549005410S0DTXUQ121 Goldsky Resources Corp. N/A 200000.00000000 NS 458311.30000000 0.686595550425 Long EC CORP CA N 1 N N N Mene Inc N/A Mene, Inc. N/A 2115000.00000000 NS 275885.77000000 0.413304105981 Long EC CORP CA N 1 N N N Thesis Gold & Silver Inc 529900EDQ993Q6M6BH62 Thesis Gold & Silver, Inc. N/A 100000.00000000 NS 205182.44000000 0.307383541120 Long EC CORP CA N 1 N N N Founders Metals Inc 984500F8843F89AC8H21 Founders Metals, Inc. N/A 250000.00000000 NS 676890.53000000 1.014048804869 Long EC CORP CA N 1 N N N Waraba Gold Ltd 549300HN92O436MPI730 Waraba Gold, Ltd. N/A 335834.00000000 NS 82878.12000000 0.124159601606 Long EC CORP CA Y 1 N N N Gossan Resources Ltd 549300ICT0SQ86XQCV41 Gossan Resources, Ltd. N/A 1250000.00000000 NS 22034.20000000 0.033009405784 Long EC CORP CA N 1 N N N Belo Sun Mining Corp 529900ULB9RX8NM2PN76 Belo Sun Mining Corp. N/A 250000.00000000 NS 183324.52000000 0.274638220170 Long EC CORP CA N 1 N N N Radisson Mining Resources, Inc. 2549002XQYEDHG3FTL96 Radisson Mining Resources, Inc. N/A 8500000.00000000 NS 4435043.19000000 6.644132318359 Long EC CORP CA N 1 N N N Trident Resources Corp 5299008V3I2UFN1EGA02 Trident Resources Corp. N/A 250000.00000000 NS 706857.04000000 1.058941593739 Long EC CORP CA N 1 N N N Paramount Gold Nevada Corp 5493000CWEBEVDLIW256 Paramount Gold Nevada Corp. 69924M109 200000.00000000 NS USD 228000.00000000 0.341566497481 Long EC CORP US N 1 N N N Kuya Silver Corp N/A Kuya Silver Corp. N/A 200000.00000000 NC 19742.64000000 0.029576422788 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Kuya Silver Corp Kuya Silver Corp 1.00000000 0.65000000 CAD 2028-08-14 XXXX 19742.64000000 N N N InZinc Mining Ltd 529900SQMNKF5EXPGG60 InZinc Mining, Ltd. N/A 1800000.00000000 NS 69804.34000000 0.104573789135 Long EC CORP CA N 1 N N N Endeavour Silver Corp 549300IF2E29780PPV02 Endeavour Silver Corp. N/A 30000.00000000 NS 248968.80000000 0.372979828938 Long EC CORP CA N 1 N N N Leviathan Metals Corp 89450031SA664GQU1A34 Leviathan Metals Corp. N/A 312500.00000000 NS 152035.96000000 0.227764869949 Long EC CORP CA N 1 N N N Altair Minerals Ltd 5299006X6D69EOKBLH79 Altair Minerals, Ltd. N/A 5000000.00000000 NS 112164.18000000 0.168033009234 Long EC CORP AU N 2 N N N Stardust Metal Corp N/A Stardust Metal Corp. N/A 225000.00000000 NS 166578.53000000 0.249551074770 Long EC CORP CA N 1 N N N Silver Viper Minerals Corp N/A Silver Viper Minerals Corp. N/A 50000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 1.50000000 CAD 2027-04-12 XXXX 0.00000000 N N N Omai Gold Mines Corp 254900GOHPZOKN6K3C88 Omai Gold Mines Corp. N/A 3200000.00000000 NS 4986426.93000000 7.470159567656 Long EC CORP CA N 1 N N N Larvotto Resources Ltd 98450066A2D7C0380238 Larvotto Resources, Ltd. N/A 1000000.00000000 NS 850315.30000000 1.273856222700 Long EC CORP AU N 2 N N N San Lorenzo Gold Corp N/A San Lorenzo Gold Corp. N/A 150000.00000000 NS 448439.98000000 0.671807339031 Long EC CORP CA N 1 N N N Gemdale Gold Inc N/A Gemdale Gold, Inc. N/A 100000.00000000 NC 18332.45000000 0.027463819020 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Gemdale Gold Inc Gemdale Gold Inc 1.00000000 1.30000000 CAD 2028-02-02 XXXX 18332.45000000 N N N GR Silver Mining Ltd N/A GR Silver Mining, Ltd. N/A 300000.00000000 NC 7403.49000000 0.011091158545 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased GR Silver Mining Ltd GR Silver Mining Ltd 1.00000000 0.28000000 CAD 2028-08-12 XXXX 7403.49000000 N N N Radius Gold Inc 529900949NR8LXWUNB56 Radius Gold, Inc. N/A 125000.00000000 NS 11457.78000000 0.017164885015 Long EC CORP CA Y 1 N N N Capitan Silver Corp 529900T7C9UR8CFNCC60 Capitan Silver Corp. N/A 850000.00000000 NS 1048827.78000000 1.571247505594 Long EC CORP CA N 1 N N N Black Cat Syndicate Ltd N/A Black Cat Syndicate, Ltd. N/A 750000.00000000 NS 464619.01000000 0.696045122407 Long EC CORP AU N 2 N N N Taurus Gold, Ltd. N/A Taurus Gold, Ltd. N/A 2448381.00000000 NS USD 0.02000000 0.000000029961 Long EC CORP US Y 3 N N N Rua Gold Inc 894500I7AQ4P4EDAPF81 Rua Gold, Inc. N/A 265000.00000000 NS 207403.49000000 0.310710893178 Long EC CORP CA N 1 N N N Argenta Silver Corp 984500E0455AB5E4F692 Argenta Silver Corp. N/A 1225000.00000000 NS 380045.83000000 0.569346153664 Long EC CORP CA N 1 N N N Kuya Silver Corp 549300Y0MAI0OH12T213 Kuya Silver Corp. N/A 200000.00000000 NS 111404.90000000 0.166895532873 Long EC CORP CA N 1 N N N Mammoth Resources Corp. N/A Mammoth Resources Corp. N/A 5500000.00000000 NS 116340.56000000 0.174289638571 Long EC CORP CA N 1 N N N Newcore Gold Ltd 894500A52BE2PYANBI95 Newcore Gold, Ltd. N/A 600000.00000000 NS 137493.39000000 0.205978665127 Long EC CORP CA Y 1 N N N Dryden Gold Corp N/A Dryden Gold Corp. N/A 500000.00000000 NC 37017.45000000 0.055455792728 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 0.18000000 CAD 2026-10-02 XXXX 37017.45000000 N N N Summit Gold Ltd N/A Summit Gold, Ltd. N/A 10000.00000000 NS 0.00000000 0.000000 Long EC CORP AU N 3 N N N Pacifica Silver Corp 254900FTJ1HRYR03T658 Pacifica Silver Corp. N/A 450000.00000000 NS 383923.85000000 0.575155810280 Long EC CORP CA N 1 N N N Amex Exploration Inc 549300B1S86E4WXYUW33 Amex Exploration, Inc. N/A 75000.00000000 NS 222104.71000000 0.332734771354 Long EC CORP CA N 1 N N N Heliostar Metals Ltd 529900BF6RCFL9WNSB18 Heliostar Metals, Ltd. N/A 1000000.00000000 NS 1255067.87000000 1.880215510776 Long EC CORP CA N 1 N N N Gold Reserve Ltd 54930065GK06CXS8UA47 Gold Reserve, Ltd. G4R86G107 50000.00000000 NS USD 230000.00000000 0.344562694827 Long EC CORP BM N 1 N N N Coeur Mining Inc 5493003AVK173D48DR70 Coeur Mining, Inc. 192108504 15000.00000000 NS USD 244800.00000000 0.366734555190 Long EC CORP US N 1 N N N Valkea Resources Corp 984500L59F3633SDB682 Valkea Resources Corp. N/A 687500.00000000 NS 179358.36000000 0.268696521136 Long EC CORP CA N 1 N N N Cambria Gold Mines Inc 98450093855CEDA61B27 Cambria Gold Mines, Inc. N/A 128.00000000 NS 82.13000000 0.000123038844 Long EC CORP CA Y 1 N N N Vizsla Royalties Corp 98450020ZFM00010C790 Vizsla Royalties Corp. N/A 723749.00000000 NS 1939182.94000000 2.905087389434 Long EC CORP CA N 1 N N N Cartier Resources Inc 529900UC5WFH8T7VID35 Cartier Resources, Inc. N/A 1250000.00000000 NS 215935.13000000 0.323492131742 Long EC CORP CA N 1 N N N Sun Summit Minerals Corp 529900LV8IRF9C8X8505 Sun Summit Minerals Corp. N/A 2500000.00000000 NS 211528.29000000 0.316890250585 Long EC CORP CA N 1 N N N GFG Resources Inc N/A GFG Resources, Inc. BYM89W4W3 1000000.00000000 NC 0.01000000 0.000000014980 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased GFG Resources Inc GFG Resources Inc 1.00000000 0.28000000 CAD 2027-02-05 XXXX 0.01000000 N N N Pacgold Ltd N/A Pacgold, Ltd. N/A 833333.00000000 NC 5769.58000000 0.008643400142 Long DE CORP AU Y 3 The Depository Trust and Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Pacgold Ltd Pacgold Ltd 1.00000000 0.100000000000 AUD 2027-12-31 XXXX 5769.58 N N N Nevgold Corp 9845004EF3E1DE7F1D61 Nevgold Corp. N/A 500000.00000000 NS 729772.61000000 1.093271378751 Long EC CORP CA N 1 N N N Freegold Ventures Ltd 5493007YVOKHJP7J0X86 Freegold Ventures, Ltd. N/A 150000.00000000 NS 101533.58000000 0.152107321479 Long EC CORP CA N 1 N N N STLLR Gold Inc N/A STLLR Gold, Inc. BRK39Q6W2 21000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased N/A N/A 1.00000000 2.19000000 CAD 2027-12-31 XXXX 0.00000000 N N N McFarlane Lake Mining Ltd 8945004MQOTOKGCBJR80 McFarlane Lake Mining, Ltd. N/A 1000000.00000000 NS 186849.99000000 0.279919722099 Long EC CORP CA N 3 N N N GFG Resources Inc 529900J244O3CHY15G77 GFG Resources, Inc. N/A 5000000.00000000 NS 793231.09000000 1.188338443440 Long EC CORP CA N 1 N N N Gemdale Gold Inc N/A Gemdale Gold, Inc. N/A 200000.00000000 NS 219989.42000000 0.329565858211 Long EC CORP CA N 1 N N N Kootenay Resources Inc N/A Kootenay Resources, Inc. N/A 40000.00000000 NS 2256.30000000 0.003380160036 Long EC CORP CA N 1 N N N Metallic Minerals Corp N/A Metallic Minerals Corp. N/A 220000.00000000 NC 0.00000000 0.000000 N/A DE CORP CA Y 3 The Depository Trust & Clearing Corporation MLDY5N6PZ58ZE60QU102 Call Purchased Metallic Minerals Corp Metallic Minerals Corp 1.00000000 0.34000000 CAD 2027-07-30 XXXX 0.00000000 N N N Alpha Exploration Ltd 254900LWGXN18OTF7397 Alpha Exploration, Ltd. N/A 800000.00000000 NS 321523.00000000 0.481673179691 Long EC CORP VG N 1 N N N Hannan Metals Ltd 391200A99MOXTV5NAC86 Hannan Metals, Ltd. N/A 375000.00000000 NS 174510.84000000 0.261434457856 Long EC CORP CA N 1 N N N Kenorland Minerals Ltd 2549002HI5ATMIG9UD65 Kenorland Minerals, Ltd. N/A 200000.00000000 NS 304600.74000000 0.456321964438 Long EC CORP CA N 1 N N N Avanti Gold Corp 984500B8751GCOF0FE53 Avanti Gold Corp. N/A 600000.00000000 NS 228450.56000000 0.342241480819 Long EC CORP CA N 1 N N N Awale Resources Ltd 894500976UL6A1P7D659 Awale Resources, Ltd. N/A 750000.00000000 NS 380750.93000000 0.570402463038 Long EC CORP CA N 1 N N N 2026-08-20 US Global Investors Funds /s/ Karen Shaw Karen Shaw Treasurer