Shareholders of Deap Capital Management & Trust Plc have approved a series of resolutions at the Company’s 12th Annual General Meeting (AGM), paving the way for a significant strategic transformation and repositioning for growth.

The shareholders approved the 2024 and 2025 audited financial statements, marking a milestone in restoring the Company’s financial reporting cycle.

A key highlight was the ratification of the entry of new strategic investors, including Banklink Africa Private Equities Ltd and RGM Material Solutions Ltd. These investors provide fresh capital support and strategic alignment.

Shareholders also approved the appointment of new directors to the Board. These include Lamon Rutten, Israel Ovirih, Tope Oduseso, and Francis Ekeng, bringing international capital markets experience and sector expertise.

In a significant resolution, shareholders approved the change of the Company’s name from Deap Capital Management & Trust Plc to Critical Minerals Financing Corporation Plc (CMFC). This reflects a strategic pivot toward financing opportunities across the global critical minerals and strategic metals value chain.

Shareholders also approved amendments to the Company’s Memorandum and Articles of Association to align its corporate framework with its renewed strategic direction.

Chairman Lamon Rutten stated, “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.”

Rutten added, “With Africa endowed with significant mineral resources essential to the global energy transition, we believe the Company is well positioned to connect capital, expertise, and opportunity across this rapidly growing industry.”

The AGM witnessed strong engagement from shareholders, regulators, members of the press, and other stakeholders, reflecting growing confidence in the Company’s renewed strategic direction.

With the successful passage of the AGM resolutions, Critical Minerals Financing Corporation Plc (CMFC) is expected to commence the implementation of its repositioning strategy and operational roadmap.

Media Contact
Corporate Communications
Critical Minerals Financing Corporation Plc (CMFC)
Lagos, Nigeria