Overview

Adamant DRI Processing and Minerals Group (the "Company," "we" or "us" or words
of similar meaning), is a Nevada corporation incorporated in July 2014 and
successor by merger to UHF Incorporated, a Delaware corporation ("UHF"), which
in turn was the successor to UHF Incorporated, a Michigan corporation ("UHF
Michigan"), as a result of a domicile merger effected on December 29, 2011.

We engaged in various business since our incorporation. We were not successful
in any of the businesses we entered and discontinued all of our remaining
operations effective March 31, 2019, at which time we became a non-operating
shell company with nominal assets. In August 2021 we filed a Registration
Statement on Form 10 and became subject to the reporting requirements of the
Exchange Act. We also are considered a "blank check company" subject to Rule
419. We intend to seek, investigate and, if such investigation warrants, engage
in a business combination which may take the form of a "reverse merger" with a
private entity whose business presents an opportunity for our stockholders.

On March 28, 2022, Global Strategies, Inc. completed the acquisition of
11,866,563 shares of our common stock from five shareholders which included the
Company's major shareholder also the sole director and officer, and his
affiliated company. The 11,866,563 shares represent approximately 73% of the
outstanding shares of the Company as of the date hereof.

Results of Operations

Comparison of the Nine and Three Months ended September 30, 2022 and 2021



Nine months:

                                                   % of                       % of         Dollar       Percentage
                                     2022         Sales         2021         Sales        Increase       Increase
Revenue                            $       -            - %   $       -            - %   $        -             n/a %
Cost of services provided                  -            - %           -            - %            -             n/a %
Gross profit                               -            - %           -            - %            -             n/a %
Operating expenses                    59,347            - %      49,430            - %        9,917            20.1 %
Loss from operations                 (59,347 )          - %     (49,430 )          - %        9,917            20.1 %

Total non-operating income, net            -            - %           -    

       - %            -               - %
Loss before income taxes             (59,347 )          - %     (49,430 )          - %        9,917            20.1 %
Income tax expense                         -            - %           -            - %            -               - %
Net loss                           $ (59,347 )          - %     (49,430 )          - %        9,917            20.1 %



Operating Expenses

Operating expenses were $59,347 and $ 49,430 for the nine months ended September
30, 2022 and 2021, respectively. The increase of $9,917 or 20.1% for the nine
months ended September 30, 2022, compared to the comparable period in 2021,
primarily is the result of the increase in professional fees of $9,917 which
related to the Company's SEC filings.

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Loss from Operations

Loss from operations was $59,347 for the nine months ended September 30, 2022,
compared to losses from operations of $49,430 for the nine months ended
September 30, 2021. The $9,917 or 20.1% increase in loss from operations for the
nine months ended September 30, 2022, compared to the comparable period in 2021
was mainly due to the increase in professional fees as described above.

Net Loss

We had a net loss of $59,347 and $49,430 for the nine months ended September 30, 2022 and 2021, respectively.



Three months:

                                                  % of                       % of          Dollar         Percentage
                                     2022        Sales         2021         Sales        (Decrease)       (Decrease)
Revenue                            $      -            - %   $       -            - %   $          -              n/a %

Cost of services provided                 -            - %           -            - %              -              n/a %
Gross profit                              -            - %           -            - %              -              n/a %
Operating expenses                    9,946            - %      22,908            - %        (12,962 )          (56.6 )%
Loss from operations                 (9,946 )          - %     (22,908 )          - %              -                - %
Total non-operating income, net           -            - %           -     

      - %        (12,962 )          (56.6 )%
Loss before income taxes             (9,946 )          - %     (22,908 )          - %        (12,962 )          (56.6 )%
Income tax expense                        -            - %           -            - %              -                - %
Net loss                           $ (9,946 )          - %   $ (22,908 )          - %        (12,962 )          (56.6 )%



Operating Expenses

Operating expenses were $9,946 and $22,908 for the three months ended September
30, 2022 and 2021, respectively. The decrease of $12,962 or 56.6% for the three
months ended September 30, 2022, compared to the comparable period in 2021,
primarily is the result of the decrease in professional fees of $12,983, which
related to the Company's the SEC filings.

Loss from Operations



Loss from operations was $9,946 and $22,908 for the three months ended September
30, 2022 and 2021, respectively. The $12,962 or 56.6% decrease in loss from
operations for the three months ended September 30, 2022, compared to the
comparable period in 2021 was mainly due to the decrease in professional fees as
described above.

Net Loss

We had a net loss of $9,946 and $22,908 for the three months ended September 30, 2022 and 2021, respectively.

Liquidity and Capital Resources

As of September 30, 2022, and December 31, 2021, cash and equivalents and restricted cash were $0 and $0, respectively. At September 30, 2022, we had a working capital deficit of $24,678.



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We have had to rely on loans from our then sole director and shareholders to
maintain our operations since we disposed of our interest in Shenzhen Technology
Company and became a shell company in March 2019. We anticipate incurring a
minimum of $50,000 in expenses over the next twelve months and could incur more
significant expenses in connection with any proposed acquisition. In all
likelihood we will remain dependent upon the efforts of our current director and
principal shareholder, and their willingness to provide the capital necessary to
continue our business and fund our cash needs until we generate meaningful
revenues or complete a business combination. There can be no assurance that we
will be able to raise the funds necessary to fund our operations until such time
as we complete a business combination and we cannot assure you that we can
identify a suitable business to acquire or combine with. If we were to fail to
raise the capital necessary to maintain our operations our common stock would
likely become worthless.

The following is a summary of cash provided by or used in each of the indicated
types of activities during the nine months ended September 30, 2022 and 2021,
respectively.

                                               Nine Months Ended
                                                 September 30,
                                              2022          2021

Net cash used in operating activities $ (68,706 ) $ (32,461 ) Net cash used in investing activities

               -             -

Net cash provided by financing activities $ 68,706 $ 32,461

Net cash used in operating activities


Net cash used in operating activities was $68,706 and $32,461 for the nine
months ended September 30, 2022 and 2021, respectively. The increase of cash
outflow from operating activities for the nine months ended September 30, 2022
was mainly due to the increased net loss of $9,917 resulting from increased
professional fees related to the SEC filings, and the increased cash outflow in
accrued liabilities and other payables of $29,658, which was partly offset by
decreased cash outflows from prepaid expense by $3,330.

Net cash used in investing activities

Net cash used in investing activities was $0 for the nine months ended September 30, 2022 and 2021, respectively.

Net cash provided by financing activities



Net cash provided by financing activities was $68,706 and $32,461 for the nine
months ended September 30, 2022 and 2021, respectively. The increase in net cash
provided by financing activities in the nine months ended September 30, 2022 was
primarily attributable to the proceeds of $11,519 from the note payable, and the
increase of $24,726 for the loans from the former sole officer and director.

Off-Balance Sheet Arrangements



We have not entered into any financial guarantees or other commitments to
guarantee the obligations of any third parties. We have not entered into any
derivative contracts that are indexed to our shares and classified as
shareholder's equity or that are not reflected in our financial statements.
Furthermore, we do not have any retained or contingent interest in assets
transferred to an unconsolidated entity that serves as credit, liquidity or
market risk support to such entity. We do not have any variable interest in any
unconsolidated entity that provides financing, liquidity, market risk or credit
support to us or engages in leasing, hedging or research and development
services with us.

Critical Accounting Policies and Estimates



Our management's discussion and analysis of our financial condition and results
of operations is based on our financial statements, which were prepared in
accordance with US GAAP. While our significant accounting policies are more
fully described in Note 2 to our financial statements, we believe the following
accounting policies are the most critical to aid you in fully understanding and
evaluating this management discussion and analysis.

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Going Concern


Our financial statements have been prepared assuming that we will continue as a
going concern. We incurred losses of $59,347 and $49,430 for the nine months
ended September 30, 2022 and 2021, respectively. As of September 30, 2022, we
had a working capital deficit of $24,678, and an accumulated deficit of
$9,538,547. These and other factors raise substantial doubt about our ability to
continue as a going concern. Our capital requirements will depend on many
factors including whether we can identify a target for acquisition. In all
likelihood we will remain dependent upon the efforts of our sole director and
officer, and his willingness and that of our principal stockholder to provide
the capital necessary to continue our business and fund our cash needs until we
generate meaningful revenues or complete a business combination. There can be no
assurance that we will be able to raise the funds necessary to fund our
operations until such time as we complete a business combination. Our financial
statements do not include any adjustments relating to the recoverability and
classification of recorded assets, or the amounts and classifications of
liabilities that might be necessary should the Company be unable to continue as
a going concern.

Basis of Presentations

Our financial statements are prepared in accordance with US GAAP and the requirements of Regulation S-X promulgated by the Securities and Exchange Commission ("SEC").

Interim Financial Statements


The accompanying unaudited condensed consolidated financial statements have been
prepared in accordance with accounting principles generally accepted in the
United States of America ("GAAP") for interim financial information and with the
rules and regulations of the U.S. Securities and Exchange Commission ("SEC").
Accordingly, these condensed consolidated financial statements do not include
all of the information and footnotes required for audited annual financial
statements. In the opinion of management, all adjustments (consisting of normal
recurring accruals) considered necessary to make the condensed consolidated
financial statements not misleading have been included.

The unaudited condensed consolidated financial statements included herein should
be read in conjunction with the audited consolidated financial statements and
the notes for the year ended December 31, 2021. The results of operations for
the nine and three months ended September 30, 2022, are not necessarily
indicative of the results to be expected for the full year.

Use of Estimates



In preparing financial statements in conformity with US GAAP, management makes
estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities at the dates of
the financial statements, as well as the reported amounts of revenues and
expenses during the reporting period. Significant estimates, required by
management, include the recoverability of long-lived assets, allowance for
doubtful accounts, and the reserve for obsolete and slow-moving inventories.
Actual results could differ from those estimates.

Revenue Recognition



The Company follows Accounting Standards Update ("ASU") 2014-09 (and related
amendments subsequently issued in 2016), Revenue from Contracts with Customers
(ASC 606).

FASB ASC Topic 606 requires use of a new five-step model to recognize revenue
from customer contracts. The five-step model requires the Company (i) identify
the contract with the customer, (ii) identify the performance obligations in the
contract, (iii) determine the transaction price, including variable
consideration to the extent that it is probable that a significant future
reversal will not occur, (iv) allocate the transaction price to the respective
performance obligations in the contract, and (v) recognize revenue when (or as)
the Company satisfies each performance obligation.

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Segment Reporting


Disclosures about segments of an enterprise and related information require use
of the "management approach" model for segment reporting, codified in FASB ASC
Topic 280. The management approach model is based on the way a company's
management organizes segments within the company for making operating decisions
and assessing performance. Reportable segments are based on products and
services, geography, legal structure, management structure, or any other manner
in which management disaggregates a company.

Recent Accounting Pronouncements



In August 2020, the FASB issued ASU 2020-06, Debt - Debt with Conversion and
Other Options (Subtopic 470- 20) and Derivatives and Hedging - Contracts in
Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments
and Contracts in an Entity's Own Equity ("ASU 2020-06"), which simplifies the
accounting for certain financial instruments with characteristics of liabilities
and equity. This ASU (1) simplifies the accounting for convertible debt
instruments and convertible preferred stock by removing the existing guidance in
ASC 470-20, Debt: Debt with Conversion and Other Options, that requires entities
to account for beneficial conversion features and cash conversion features in
equity, separately from the host convertible debt or preferred stock; (2)
revises the scope exception from derivative accounting in ASC 815-40 for
freestanding financial instruments and embedded features that are both indexed
to the issuer's own stock and classified in stockholders' equity, by removing
certain criteria required for equity classification; and (3) revises the
guidance in ASC 260, Earnings Per Share, to require entities to calculate
diluted earnings per share (EPS) for convertible instruments by using the
if-converted method. In addition, entities must presume share settlement for
purposes of calculating diluted EPS when an instrument may be settled in cash or
shares. For SEC filers, excluding smaller reporting companies, ASU 2020-06 is
effective for fiscal years beginning after December 15, 2021 including interim
periods within those fiscal years. Early adoption is permitted, but no earlier
than fiscal years beginning after December 15, 2020. For all other entities, ASU
2020-06 is effective for fiscal years beginning after December 15, 2023,
including interim periods within those fiscal years. Entities should adopt the
guidance as of the beginning of the fiscal year of adoption and cannot adopt the
guidance in an interim reporting period. The Company is currently evaluating the
impact that ASU 2020-06 may have on its financial statements and related
disclosures.

Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or are not believed by management to have a material impact on the Company's present or future CFS.

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