DEAP Capital Management Receives N2 Billion in Fresh Capital
DEAP Capital Management & Trust Plc has announced a significant financial development, receiving an additional N2.0 billion from Banklink Africa Private Equities Limited. This injection is part of an agreed N6.0 billion capitalization program aimed at enhancing the company’s growth trajectory. With this latest funding, DEAP Capital’s total capital raised thus far amounts to N3.0 billion.
Overview of the Funding Agreement
In a statement released to the Nigerian Exchange Limited, DEAP Capital disclosed that this latest capital infusion marks the second tranche of the funding structure agreed upon with Banklink Africa. Under the terms of this agreement, Banklink Africa has committed to providing the full N6.0 billion in a phased approach, distributed across three tranches in accordance with the ongoing takeover agreement.
Transition to Critical Minerals Financing Corp. Plc
As part of its strategic growth initiatives, DEAP Capital is also transitioning to a new identity as Critical Minerals Financing Corp. Plc (CMFC). This change was officially approved by shareholders during the 12th Annual General Meeting (AGM) held on March 12, 2026. CMFC aims to become a specialized institution dedicated to facilitating the development of the African critical minerals sector.
Focus on Mining and Mineral Processing Opportunities
Upon completion of this transition, CMFC intends to concentrate its efforts on financing, structuring, and supporting mining and mineral processing projects across valuable commodities, including lithium, copper, rare earths, tin, zinc, and other energy transition minerals within Nigeria and the broader African continent.
Upcoming Disbursements
The third tranche, totaling N3.0 billion, is projected to be disbursed within the next 30 days, aligning with the pre-established transaction timelines.
Insights from Leadership
Dutch Rutten, the new Chairman of DEAP Capital, expressed enthusiasm regarding the support from Banklink Africa in driving the company’s transition into CMFC. He stated, “We believe there is a significant opportunity to build a specialist African platform focused on critical minerals at a time when global demand is accelerating.” Rutten emphasized the importance of connecting African projects with international capital and technology partners.
Joshua Adesoji, the Chief Financial Officer of Banklink Africa, echoed these sentiments, affirming their commitment to finalizing the remainder of the capital injection within the upcoming month. He highlighted that the business is well-positioned to seize substantial opportunities within Africa’s burgeoning critical minerals sector.
Conclusion
As DEAP Capital Management embarks on this evolutionary journey towards becoming Critical Minerals Financing Corp., it is poised to leverage its resources and competencies. This transition aims to effectively capitalize on a growing pipeline of transactions across Nigeria and ultimately across Africa.
For more information on investment opportunities in critical minerals and market trends, visit Nigerian Exchange Limited and explore further insights into capital management and investment strategies.
