Deap Capital Management & Trust Plc has completed its transition to Critical Minerals Financing Corp. Plc (CMFC Plc) following the receipt of all required regulatory approvals and filings.
The company disclosed the development in a notice to the Nigerian Exchange Limited (NGX) and the investing public on June 18, 2026, stating that the transition reflects its evolution into a specialized financing and investment platform focused on the critical minerals value chain.
As part of the transformation, CMFC Plc has relocated its corporate headquarters to Number One Lagos, 1 Akin Adesola Street, Victoria Island, Lagos, positioning the company within Nigeria’s financial and commercial hub as it expands its operations.
According to the company, its new strategic focus will center on capital structuring, investment banking, transaction advisory, project development support and financing solutions for stakeholders across the mining and commodities sectors.
Commenting on the development, Chairman of CMFC Plc, Lamon Rutten, said the completion of the transition marks the beginning of a new phase for the company.
“The completion of our transition to Critical Minerals Financing Corp. Plc marks the beginning 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 gold, copper, cobalt, lithium, tungsten, tin, tantalum and other critical mineral sectors,” Rutten said.
He added that the company intends to address financing and transaction-structuring gaps within Africa’s mining industry by leveraging global financial expertise, sector-specific knowledge and strategic partnerships.
CMFC Plc said it plans to work closely with mining companies, commodity traders, institutional investors, development finance institutions, governments and international partners to unlock value across the minerals ecosystem while supporting industrial development and export growth.
The company also disclosed that it is strengthening its governance, operational and financial frameworks in preparation for its next phase of growth, which will include strategic partnerships, regional expansion and participation in large-scale mining and commodities transactions across Africa.
Management noted that growing global demand for critical minerals driven by energy transition technologies, battery manufacturing, advanced industrial applications and renewable energy infrastructure presents significant opportunities for Africa to play a larger role in global mineral supply chains.
The notice was signed by Osammor Otiono & Co, Company Secretary to CMFC Plc.
