DEAP Capital Management & Trust Plc has received an additional ₦2.0 billion from Banklink Africa Private Equities Limited, marking the second tranche under a ₦6.0 billion capital commitment tied to its ongoing restructuring and sector pivot.
The latest injection brings total capital received to ₦3.0 billion, with a final ₦3.0 billion tranche expected within 30 days, completing the agreed funding structure.
Strategic Pivot: From Trust Company to Minerals Finance Platform
The capital raise underpins DEAP Capital’s transition into Critical Minerals Financing Corp. Plc (CMFC)—a rebranded entity approved by shareholders at its March 2026 AGM.
The new vehicle is being positioned as a specialist financing platform targeting Africa’s rapidly expanding critical minerals value chain, including:
- Lithium
- Copper
- Rare earth elements
- Tin and zinc
This reflects a deliberate shift toward sectors aligned with the global energy transition and rising demand for battery and industrial metals.
The new capital is expected to assist DEAP Capital in:
- Structuring and financing mining projects
- Connecting African mineral assets to global capital and offtakers
- Operating across project finance, structured credit, and commodity flows
DEAP Capital chairman Dutch Lamon Rutten framed the move as a timely entry into a market where demand is accelerating, with CMFC expected to function as a bridge between African resources and international capital markets.
Upon full capitalization, CMFC is expected to:
- Build a pipeline of mining and processing transactions in Nigeria
- Expand selectively across African markets
- Leverage blended finance and capital markets instruments
