DEAP Capital Shareholders Approve Name Change to Critical Minerals Financing Corporation (CMFC) Plc
Shareholders of DEAP Capital Management & Trust Plc have approved the company's transformation into Critical Minerals Financing Corporation (CMFC) Plc, aimed at enhancing Africa's minerals financing sector. The approval includes capital raising initiatives and strategic restructuring to optimize the minerals value chain. CMFC will operate with a new board, including CEO Lamon Rutten, and plans to attract global investments, focusing on Nigeria's minerals sector. The company aims to be a significant player in financing mining operations across Africa.
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DEAP Capital Management & Trust Plc shareholders have unanimously approved the transformation into Critical Minerals Financing Corporation (CMFC) Plc, a new entity focused on minerals financing in Africa. The approval includes a name change, strategic restructuring, and global capital raising initiatives.
CMFC will retain its listing on the Nigerian Exchange and aims to provide financial solutions throughout the minerals value chain, starting in Nigeria. The company appointed Lamon Rutten as CEO and secured investments from global stakeholders. CMFC plans to enhance Africa’s position in global minerals by optimizing local resources and engaging in exploration, refining, and trading activities.
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