CMFC Shows Bright Prospects Three Months after Transformation

Three months after shareholders approved the transformation of Deap Capital Management & Trust Plc to Critical Minerals Financing Corp Plc (CMFC), the company has shown promising results in its latest financial reports. CMFC, now a specialized financing and investment banking institution focused on Africa's critical minerals, metals, and commodities sectors, has begun to generate income and maintain a strong cash position.

In the nine months ending June 30, 2026, the company reported income of N82.641 million, with 90% of that income earned between March and June 2026. Additionally, CMFC closed the period with over N6 billion in cash, providing ample opportunity for further business funding and income growth. The company has also paid off a N430 million AMCON negotiated debt, which it had originally claimed to be N2.5 billion.

Banlink Africa Private Equities Limited, the company's majority shareholder, has committed N6 billion to accelerate CMFC's corporate transition. Since August 2025, over 1.44 billion shares of CMFC have been traded on the NGX, representing a turnover of 97% compared to 946 million shares traded between May 2023 and July 31, 2025.

The stock has become highly liquid, with daily deals averaging over 190 transactions, a significant increase from less than 40 deals in the previous period. CMFC's financial turnaround has led to a positive shift in shareholders' funds from N2.3 billion in September 2025 to N4.3 billion as of June 2026, a 272% improvement. The company has also converted N1.8 billion in legacy debts into shares, increasing the paid-up capital to 2,569,640,259 ordinary shares.

The new leadership, with Chairman Lamon Rutten and President & Co-CEO Dr. Israel Ovirih, aims to deliver world-class capital structuring, advisory, and financing solutions for mining and metals companies across various critical mineral sectors.