Adamant DRI Processing and Minerals Group announced it has secured a supply contract with JiangSu YanCheng YunQiJia Trading Co. The purchase order calls for delivery of minimum 25,000 tons, high quality DRI (88%-92% iron content) at prices ranging between 1,400-1,800 RMB/ton (approximately $209-$269/ton) within 2017, potentially generating sales of $5 million. This is the company's first substantial order, and booked revenue, since it shut down in 2015 for a coal-to-natural gas power conversion and production overhaul intended to comply with strict Chinese environmental regulation, transforming the Chinese steel industry.