ADAML

Adamas Trust, Inc. operates as a closed-end management investment company that focuses on precious metals and related investments. Headquartered in Boston, Massachusetts, the trust maintains a concentrated portfolio primarily invested in gold and silver bullion, mining stocks, and precious metals-related securities. The company functions as a passive investment vehicle, allowing shareholders to gain exposure to the precious metals sector without directly managing physical assets or individual mining company positions. Adamas Trust trades on the OTCQX market under the ticker symbol ADAML and maintains a relatively small market capitalization compared to larger precious metals investment vehicles. The trust's investment strategy centers on capital appreciation through strategic allocation across physical metals holdings and equity positions in established mining companies operating globally. As a closed-end fund, ADAML issues a fixed number of shares that trade on the secondary market, with share prices determined by investor demand rather than net asset value alone. This structure often results in shares trading at either a premium or discount to the underlying value of the trust's holdings. The company employs a buy-and-hold approach with minimal portfolio turnover, keeping operating expenses low relative to actively managed precious metals funds. Management periodically rebalances the portfolio to maintain target allocations between physical metals and equity securities based on market conditions and valuation metrics.