CMFC Reports Strong Financial Growth Post-Transformation

Critical Minerals Financing Corp Plc (CMFC), which transitioned from Deap Capital Management & Trust Plc, has demonstrated significant financial improvement three months after its restructuring approved by shareholders. The company, now focused on Africa's critical minerals sector, reported an income of N82.641 million for the nine months ending June 30, 2026, a stark contrast to zero income during the same period in 2025.

This income was primarily generated between March and June 2026. CMFC also boasts a robust cash position exceeding N6 billion, enabling potential business funding.

The company has settled a debt of N430 million with AMCON, which previously held a 16% stake and is no longer a shareholder. Banklink Africa Private Equities Limited is now the majority shareholder, having committed N6 billion to support CMFC's corporate transition.

Since discussions began in August 2025, over 1.44 billion shares have been traded, reflecting a 97% turnover. The stock price fluctuated from N1.35 in August 2025 to N3.01 by August 5, 2026.