ADAMZ

Adamas Trust, Inc. operates as a closed-end management investment company that focuses on investing in precious metals, primarily gold and silver bullion. Established in 1963 and headquartered in Denver, Colorado, the trust maintains a concentrated portfolio of physical precious metals held in secure storage facilities. Unlike traditional mining companies, Adamas Trust does not engage in exploration or production activities but rather holds physical metal assets as a store of value for investors seeking direct exposure to precious metals markets. The company operates with a relatively simple business model, maintaining minimal overhead costs and no employees, as its assets are managed by a board of trustees. The trust's shares trade over-the-counter under the symbol ADAMZ, offering investors an alternative vehicle for precious metals exposure compared to exchange-traded funds or mining equities. Adamas Trust generates no operating revenue in the traditional sense, as its value derives entirely from the market price fluctuations of its underlying metal holdings. The trust periodically liquidates small portions of its holdings to cover administrative expenses and trustee fees. With total net assets typically valued in the single-digit millions, Adamas Trust represents a niche investment option within the precious metals sector, appealing primarily to investors who prefer the structure and tax treatment of a closed-end trust over other precious metals investment vehicles.