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
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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ATLANTICA JERSEY LTD FIXED INCOME 04916EAB0 BBG00W284KH2 720,225 750,000 SH   SOLE NONE 750,000 0 0
BLACKBERRY LTD. Stock 09228F103 BBG000CR90K4 3,540,000 1,000,000 SH Put SOLE NONE 1,000,000 0 0
BROOKFIELD RENEWABLE COR-A Stock 11284V105 BBG00W5FS571 5,942,256 206,400 SH   SOLE NONE 206,400 0 0
BROOKFIELD INFRASTRUCTURE-A Stock 11275Q107 BBG00SDKZ304 21,404,376 606,700 SH   SOLE NONE 606,700 0 0
CAMECO CORP Stock 13321L108 BBG000BXYMJ8 6,465,000 150,000 SH Call SOLE NONE 150,000 0 0
CAMECO CORP Stock 13321L108 BBG000BXYMJ8 8,270,890 191,900 SH   SOLE NONE 191,900 0 0
CELESTICA INC Stock 15101Q108 BBG000BRW7J6 11,712,000 400,000 SH   SOLE NONE 400,000 0 0
CRESCENT POINT ENERGY CORP Stock 22576C101 BBG000PPJTH4 11,607,750 1,675,000 SH   SOLE NONE 1,675,000 0 0
DOCEBO INC Stock 25609L105 BBG00Q2B1C98 4,790 99 SH   SOLE NONE 99 0 0
ENERFLEX LTD Stock 29269R105 BBG000SR92R6 10,209,554 2,186,200 SH   SOLE NONE 2,186,200 0 0
ELECTRA BATTERY MATERIALS CO Stock 28474P201 BBG001VMMNB7 524,173 1,435,696 SH   SOLE NONE 1,435,696 0 0
ENBRIDGE INC Stock 29250N105 BBG000C7P7N2 11,047,334 306,700 SH   SOLE NONE 306,700 0 0
FRANCO NEVADA CORP Stock 351858105 BBG000RD3CL8 8,864,800 80,000 SH Call SOLE NONE 80,000 0 0
FRANCO NEVADA CORP Stock 351858105 BBG000RD3CL8 10,715,327 96,700 SH   SOLE NONE 96,700 0 0
ISHARES IBOXX HIGH YIELD CORPORATE BOND ETF Stock 464288513 BBG000R2T3H9 4,449,925 57,500 SH Put SOLE NONE 57,500 0 0
NORTH AMERICAN CONSTRUCTION Stock 656811106 BBG000R07DL0 4,170,000 200,000 SH   SOLE NONE 200,000 0 0
NUVEI CORP-SUBORDINATE VTG Stock 67079A102 BBG00Y055LD7 11,160,500 425,000 SH   SOLE NONE 425,000 0 0
ORLA MINING LTD Stock 68634K106 BBG00FZBZ5G6 4,712,500 1,450,000 SH   SOLE NONE 1,450,000 0 0
OPEN TEXT CORP Stock 683715106 BBG000JXM895 17,732,440 422,000 SH   SOLE NONE 422,000 0 0
PRECISION DRILLING CORP Stock 74022D407 BBG000BT0G52 6,730,331 123,970 SH   SOLE NONE 123,970 0 0
QUIPT HOME MEDICAL CORP Stock 74880P104 BBG000HV7H25 4,202,813 825,700 SH   SOLE NONE 825,700 0 0
RB GLOBAL INC Stock 74935Q107 BBG000C1DF05 10,033,500 150,000 SH   SOLE NONE 150,000 0 0
TRANSALTA CORP Stock 89346D107 BBG000BT9174 3,955,560 476,000 SH   SOLE NONE 476,000 0 0
TECK RESOURCES LTD-CLS B Stock 878742204 BBG000BSJTT0 13,822,290 327,000 SH   SOLE NONE 327,000 0 0
URANIUM ENERGY CORP Stock 916896103 BBG000LCK3Q2 2,880,000 450,000 SH   SOLE NONE 450,000 0 0
FINANCIAL SELECT SECTOR SPDR FUND Stock 81369Y605 BBG000BJ29X7 94,000 2,500 SH Call SOLE NONE 2,500 0 0