Critical Minerals Financing Corp Plc (CMFC), formerly Deap Capital Management & Trust Plc, is positioning itself to play a bigger role in Nigeria’s mining industry as the country seeks to diversify its economy away from oil and tap growing global demand for critical minerals used in clean energy technologies.
The company said it has completed its corporate transformation and name change following regulatory approvals, marking a strategic shift toward financing, advisory services, and investments across the mining and commodities value chain.
The move comes as Nigeria intensifies efforts to develop its largely underexplored mineral resources, including lithium, gold, tin, and other strategic minerals, amid rising international demand driven by electric vehicle production, battery manufacturing, and renewable energy infrastructure.
Lamon Rutten, chairman of CMFC, said the transition reflects the company’s focus on providing capital structuring, investment banking, transaction advisory, and project financing services to mining and metals businesses operating across Africa.
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