| Lynas Rare Earths Ltd. | 6.32 | 309,099 |
| Freeport-McMoRan Inc. | 4.91 | 25,931 |
| Pilbara Minerals Ltd. | 4.67 | 543,187 |
| Cameco Corp. | 4.30 | 24,625 |
| Albemarle Corp. | 4.29 | 11,112 |
| Sociedad Quimica y Minera de Chile SA | 4.23 | 25,491 |
| MP Materials Corp. | 3.49 | 63,327 |
| NAC Kazatomprom JSC | 3.30 | 21,018 |
| Antofagasta PLC | 3.12 | 29,952 |
| Uranium Energy Corp. | 2.93 | 131,138 |
| Arcadium Lithium PLC | 2.86 | 246,359 |
| Nickel Industries Ltd. | 2.79 | 1,148,228 |
| Southern Copper Corp. | 2.66 | 6,117 |
| Aya Gold & Silver Inc. | 2.63 | 55,267 |
| First Quantum Minerals Ltd. | 2.54 | 47,221 |
| IGO Ltd. | 2.53 | 157,448 |
| NexGen Energy Ltd. | 2.53 | 98,168 |
| Denison Mines Corp. | 2.21 | 308,941 |
| Amman Mineral Internasional PT | 2.08 | 705,900 |
| Lundin Mining Corp. | 1.94 | 43,633 |
| Ivanhoe Mines Ltd. | 1.77 | 30,968 |
| Capstone Copper Corp. | 1.64 | 53,360 |
| Paladin Energy Ltd. | 1.53 | 54,023 |
| KGHM Polska Miedz SA | 1.38 | 8,998 |
| Eramet SA | 1.32 | 3,924 |
| SilverCrest Metals Inc. | 1.29 | 36,505 |
| MAG Silver Corp. | 1.26 | 22,523 |
| Energy Fuels Inc. | 1.17 | 55,972 |
| iShares MSCI India ETF | 1.14 | 4,620 |
| Vale Indonesia Tbk PT | 1.02 | 959,000 |
| Endeavour Silver Corp. | 0.94 | 71,554 |
| Ganfeng Lithium Group Co. Ltd. | 0.90 | 94,400 |
| Hudbay Minerals Inc. | 0.84 | 24,090 |
| Merdeka Battery Materials Tbk PT | 0.83 | 5,458,200 |
| Gatos Silver Inc. | 0.78 | 14,461 |
| CGN Mining Co. Ltd. | 0.75 | 886,700 |
| Silvercorp Metals Inc. | 0.75 | 46,303 |
| Sigma Lithium Corp. | 0.74 | 16,137 |
| Cia de Minas Buenaventura SAA | 0.64 | 12,084 |
| Boss Energy Ltd. | 0.57 | 69,693 |
| Deep Yellow Ltd. | 0.51 | 163,399 |
| Encore Energy Corp. | 0.51 | 33,438 |
| Trimegah Bangun Persada Tbk PT | 0.51 | 2,030,000 |
| Vizsla Silver Corp. | 0.48 | 54,010 |
| Liontown Resources Ltd. | 0.46 | 211,099 |
| Filo Corp. | 0.43 | 4,245 |
| Sandfire Resources Ltd. | 0.40 | 16,166 |
| Tianqi Lithium Corp. | 0.35 | 32,600 |
| Jupiter Mines Ltd. | 0.33 | 612,323 |
| ERO Copper Corp. | 0.32 | 3,670 |
| Sociedad Minera Cerro Verde SAA | 0.30 | 1,778 |
| Fission Uranium Corp. | 0.30 | 99,861 |
| GoGold Resources Inc. | 0.29 | 75,491 |
| Arafura Rare Earths Ltd. | 0.28 | 581,721 |
| Peninsula Energy Ltd. | 0.28 | 1,201,712 |
| MMG Ltd. | 0.27 | 215,870 |
| Minsur SA | 0.26 | 47,771 |
| Taseko Mines Ltd. | 0.25 | 25,954 |
| Lithium Americas Corp. | 0.25 | 23,915 |
| Lifezone Metals Ltd. | 0.25 | 9,415 |
| Ur-Energy Inc. | 0.24 | 48,001 |
| Metals Acquisition Ltd. | 0.23 | 4,690 |
| Sayona Mining Ltd. | 0.21 | 2,635,912 |
| Lithium Americas Argentina Corp. | 0.21 | 18,772 |
| IsoEnergy Ltd. | 0.20 | 20,940 |
| Syrah Resources Ltd. | 0.20 | 307,440 |
| Vulcan Energy Resources Ltd. | 0.20 | 17,417 |
| NGEx Minerals Ltd. | 0.20 | 5,665 |
| Latin Resources Ltd. | 0.18 | 315,429 |
| Lotus Resources Ltd. | 0.17 | 262,258 |
| Atalaya Mining PLC | 0.17 | 7,820 |
| Bannerman Energy Ltd. | 0.17 | 25,334 |
| Uranium Royalty Corp. | 0.17 | 18,589 |
| Renascor Resources Ltd. | 0.17 | 583,796 |
| Meteoric Resources NL | 0.16 | 550,658 |
| Core Lithium Ltd. | 0.15 | 547,228 |
| Global Atomic Corp. | 0.15 | 35,337 |
| Foran Mining Corp. | 0.15 | 11,522 |
| New Pacific Metals Corp. | 0.14 | 21,645 |
| Avino Silver & Gold Mines Ltd. | 0.13 | 30,530 |
| Hercules Metals Corp. | 0.11 | 49,990 |
| Ivanhoe Electric Inc. / US | 0.11 | 3,584 |
| ioneer Ltd. | 0.11 | 223,321 |
| Standard Lithium Ltd. | 0.11 | 20,356 |
| Talga Group Ltd. | 0.11 | 87,241 |
| Patriot Battery Metals Inc. | 0.10 | 75,859 |
| Central Asia Metals PLC | 0.10 | 8,957 |
| Silver Mines Ltd. | 0.09 | 346,420 |
| Piedmont Lithium Inc. | 0.08 | 2,185 |
| Alligator Energy Ltd. | 0.08 | 701,390 |
| American Battery Technology Co. | 0.06 | 13,468 |
| FireFly Metals Ltd. | 0.06 | 22,970 |
| Li-Cycle Holdings Corp. | 0.05 | 8,243 |
| Kodal Minerals PLC | 0.05 | 1,918,429 |
| Jinchuan Group International Resources Co. Ltd. | 0.05 | 176,900 |
| Atlas Lithium Corp. | 0.04 | 1,000 |
| Atlantic Lithium Ltd. | 0.04 | 55,743 |
| Northern Dynasty Minerals Ltd. | 0.04 | 25,722 |
| Solaris Resources Inc. | 0.04 | 4,390 |
| SolGold PLC | 0.04 | 80,386 |
| Winsome Resources Ltd. | 0.03 | 21,506 |
| Argosy Minerals Ltd. | 0.03 | 186,413 |
| Leo Lithium Ltd. | 0.03 | 23,792 |
| Lake Resources NL | 0.02 | 199,706 |
| Galan Lithium Ltd. | 0.02 | 60,536 |
| 29Metals Ltd. | 0.02 | 18,892 |
| Aeris Resources Ltd. | 0.01 | 28,690 |
| Vizsla Royalties Corp | 0.01 | 11,193 |
