IN BRIEF: Pensana investor Cascade adds "supportive" sheikh to board
Pensana PLC - London-based mineral developer - Reports that Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri has joined the board of Qatar-backed investor Cascade Natural Resources Ltd. Says he is fully supportive of Cascade's USD165 million strategic investment into Pensana, which the company announced in early March, saying the funds will support the development of its US mine-to-magnet strategy and the Longonjo rare earth project in Angola. Says Badr Al-Hajri's appointment reflects Cascade's growing international standing and the strong backing of Qatar. Pensana Chair Paul Atherley says the investment "will accelerate the development of Longonjo as one of the world's largest rare-earth mines and for the development of our downstream ambitions." Read More