Adamant DRI Processing and Minerals GroupOOTC ADMG Stock Report

Adamant DRI Processing and Minerals Group is engaged in iron ore processing and the production of iron ore concentrate in the People's Republic of China through its variable interest entity, Zhuolu Jinxin Mining Co., Ltd. (China Jinxin), which intends to produces Direct Reduced Iron (DRI) using reduction rotary kiln technology with iron sand as the principal raw material and through the production of DRI by its subsidiary, Haixing Huaxin Mining Industry Co., Ltd. (China Huaxin), which is engaged in iron ore processing and the production of iron ore concentrate. China Jinxin has an iron ore concentrate production line with an annual capacity of approximately 300,000 tons. It has two facilities: first facility is an iron ore processing facility in Zhuolu County, Zhangjiakou City, Hebei Province, China and second facility is a DRI production facility in Haixing County, Hebei Province. It produces iron ore concentrate from iron ore extracted from the state-owned Zhuolu Mine.