Critical Minerals Financing Corp. Plc (CMFC Plc) has officially completed its transition from Deap Capital Management & Trust Plc, following the receipt of all necessary regulatory approvals and filings. The company announced the change in a formal notice to the Nigerian Exchange Limited (NGX) and the public on June 18, 2026, marking a strategic repositioning to focus exclusively on the critical minerals sector. This transformation reflects CMFC Plc’s commitment to becoming a specialized financing and investment platform for the mining and commodities value chain across Africa.
The company has relocated its corporate headquarters to Number One Lagos, 1 Akin Adesola Street, Victoria Island, Lagos. This new location places CMFC Plc at the heart of Nigeria’s financial and commercial hub, supporting its expanded operations and strategic outreach. The move underscores the company’s ambition to serve as a key enabler for mining and metals enterprises across the continent.
CMFC Plc’s new mandate centers on providing capital structuring, investment banking, transaction advisory, project development support, and financing solutions. These services are specifically tailored for stakeholders in the mining and commodities sectors, with a focus on critical minerals such as gold, copper, cobalt, lithium, tungsten, tin, and tantalum. The company aims to bridge financing and transaction structuring gaps that have long hindered growth in Africa’s mining industry.
Chairman Lamon Rutten emphasized that the transition marks the start of an exciting new phase for the company. “We are strategically positioned to deliver world-class capital structuring, advisory and financing solutions to mining and metals companies operating across critical mineral sectors,” Rutten stated. He highlighted the company’s intent to leverage global financial expertise, sector-specific knowledge, and strategic partnerships to drive impact.
CMFC Plc plans to collaborate closely with mining companies, commodity traders, institutional investors, development finance institutions, governments, and international partners. The goal is to unlock value across the minerals ecosystem while supporting industrial development and boosting export growth in Africa. The company is also strengthening its governance, operational, and financial frameworks to support its next phase of growth.
This includes pursuing strategic partnerships, regional expansion, and participation in large-scale mining and commodities transactions across the continent. Management noted that rising global demand for critical minerals—driven by energy transition technologies, battery manufacturing, and renewable energy infrastructure—presents a major opportunity for Africa to become a key player in global mineral supply chains. The notice was signed by Osammor Otiono & Co, Company Secretary to CMFC Plc, affirming the company’s readiness to lead in this evolving sector. As Africa’s mineral potential gains global attention, CMFC Plc is poised to play a pivotal role in shaping the continent’s future in critical minerals.
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