Lagos, Nigeria – Shareholders of Deap Capital Management & Trust Plc approved key changes at its 12th Annual General Meeting. They ratified 2024 and 2025 financial statements and welcomed new investors like Banklink Africa Private Equities Ltd. The firm, based in West Africa’s financial hub, eyes growth in critical minerals financing.
New directors joined the board: Lamon Rutten, Israel Ovirih, Tope Oduseso, and Francis Ekeng. They bring capital markets expertise and governance skills. The group approved a name change to Critical Minerals Financing Corporation Plc (CMFC).
Okay News reports the strategic shift. Shareholders greenlit updates to the Memorandum and Articles of Association. Chairman Lamon Rutten said, “The resolutions passed at this AGM represent a defining moment for the Company. The transition to Critical Minerals Financing Corporation Plc reflects our ambition to establish a credible capital markets platform focused on mobilizing investment into the critical minerals sector.”
CMFC targets financing in energy transition metals like those for electric vehicles and manufacturing. Africa holds rich deposits key to global supply chains. New capital fuels the pivot from past limited activity.
Strong attendance showed stakeholder confidence. Regulators and press engaged actively. The firm now implements its roadmap for minerals investment.
This rebrand positions CMFC in a hot sector. Investors link capital to untapped resources. Nigeria gains from energy metal opportunities.
