CMFC Eyes Transformation of Nigeria’s Minerals Sector

Deap Capital Management & Trust Plc has completed its corporate name change to Critical Minerals Financing Corp (CMFC) Plc, marking a significant strategic evolution. The company is now positioned as a specialized group focusing on mining, metals, commodities finance, and investment.

The name change, which received all necessary regulatory approvals, also includes the relocation of CMFC's corporate headquarters to Number One Lagos, 1 Akin Adesola Street, Victoria Island, Lagos. Chairman Lamon Rutten stated that this transition reflects CMFC's sharpened focus on capital structuring, investment banking, transaction advisory, project development support, and financing solutions for stakeholders across the minerals and commodities sector.

Rutten, who has prior experience as a founding CEO of the Saudi Mining Exchange and Mumbai Commodity Exchange (MCX), expressed optimism about the new phase. "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," he said.

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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.

President & Co-CEO Dr. Israel Ovirih highlighted CMFC's strategy to address the significant financing and transaction-structuring gap within Africa's mining industry. The company plans to achieve this by integrating global financial expertise, deep sector-specific knowledge, and strategic partnerships. CMFC is currently strengthening its governance, operational, and financial frameworks to prepare for its next growth phase.

Looking ahead, CMFC intends to leverage strategic partnerships, regional expansion, and participation in large-scale mining and commodities transactions across Africa. The goal is to unlock value for national economic growth and deliver sustainable returns to stakeholders.

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The company would leverage on strategic partnerships, regional expansion, and participation in large-scale mining and commodities transactions across Africa to unlock values for national economic growth and sustainable returns to stakeholders.