DEAP Capital Gets N2bn Boost From Banklink Africa

DEAP Capital Management & Trust Plc said, it has received an additional N2.0 billion in fresh capital injection from Banklink Africa Private Equities Limited.

This is under the parties’ agreed N6.0 billion capitalisation programme, bringing total capital received by DEAP Capital Management & Trust to date to N3.0 billion.

The Company in a statement released on the Nigerian Exchange Limited said the latest capital injection represents the second tranche under the agreed funding structure between both parties.

“Under the programme, Banklink Africa has committed N6.0 billion to DEAP CAP, with the said funding released in three tranches according to the takeover agreement currently being implemented. The additional N2.0 billion received signals the commencement of DEAP Capital’s next growth phase.”

“As per the plan, the Company is now transitioning fully to Critical Minerals Financing Corp. Plc, the new name approved by the shareholders at its 12th Annual General Meeting (AGM) held on March 12, 2026; thereby becoming a specialised Institution poised to support the development of the African critical minerals sector.

“CMFC subject to obtaining all regulatory approvals shall focus principally on financing, structuring and supporting mining and mineral processing opportunities across lithium, copper, rare earths, tin, zinc and other energy transition minerals across Nigeria and the wider African continent.

“The third tranche N3.0 billion is expected to be disbursed within the next thirty (30) days in accordance with the agreed transaction timelines.”

Speaking on the transaction, the new chairman of DEAP Capital, Dutch Rutten, said, “we are excited at Banklink Africa’s total committed in the Company’s transition into CMFC. 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. With an investor’s group so committed, CMFC will be positioned to originate, finance and help develop projects across the African continent, while connecting those opportunities with international capital, technology partners and long-term offtakers.”
Rutten further added that “Critical Minerals Financing Corp. will keep operating at the convergence of mining project finance, structured credit, commodity trading, capital market issuance and ESG aligned investment governance.”
Speaking in the same light, the chief financial officer of Banklink Africa, Joshua Adesoji said, “we are pleased to have fulfilled this second tranche under our funding commitment to DEAP CAP. We remain committed to finalising the remainder capital injection within the next thirty days as we evolve Deap Capital into CMFC. We believe the business is well positioned to capture substantial opportunities within Africa’s critical minerals sector.”
Upon completion of the capitalization and transformation, the Company will deploy its leveraged resources and competencies into full realisation and valorisation of a pipeline of transactions across Nigeria, and subsequently Africa