LA SUITE APRÈS LA PUBLICITÉ

Deap Capital Management & Trust – DEAPCAP Plc has officially changed its corporate name to Critical Minerals Financing Corp – CMFC Plc, signaling its evolution into a specialized mining, metals, and commodities investment group. Following the receipt of all regulatory approvals and filings at the Nigerian Exchange (NGX), the company has also relocated its corporate headquarters to Victoria Island, Lagos. This transition marks a major milestone in the company’s history as it sharpens its focus on the burgeoning resources sector.

The company aims to address the massive financing and transaction-structuring gap currently plaguing Africa’s mining industry. By combining global financial expertise with sector-specific knowledge, CMFC is positioning itself to provide specialized project development support and capital structuring. It will target high-value assets across the continent, focusing heavily on critical resources such as gold, copper, cobalt, lithium, tungsten, tin, and tantalum.

According to the Chairman of CMFC, Mr. Lamon Rutten, the completion of this transition marks the beginning of an exciting and highly strategic new phase for the organization. Rutten, who brings extensive experience as a founding CEO of the Saudi Mining Exchange and the Mumbai Commodity Exchange (MCX), emphasized that CMFC is uniquely built to deliver world-class advisory, investment banking, and financing solutions tailored specifically for mining and metals companies.

Looking ahead, President & Co-CEO Dr. Israel Ovirih stated that CMFC is currently strengthening its operational, governance, and financial frameworks to prepare for its next phase of expansion. The group plans to leverage regional expansion and participate in large-scale commodities transactions across Africa.

Through these strategic partnerships, the company hopes to unlock vast economic value for national growth while delivering sustainable, long-term returns to its stakeholders.