18th Jun 2026 12:08
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."
Badr Al-Hajri comments: "I am honoured and delighted to join the board of directors of Cascade and to contribute to the company's strategic vision as it advances its investment in Pensana and the Longonjo project. This important investment reflects a forward-looking commitment to strengthening critical mineral supply chains and supporting the development of sustainable mining and processing capabilities - a sector that will play a pivotal role in powering future technologies, advanced manufacturing, and long-term industrial growth. I look forward to working with the Cascade team as it builds a leadership position in the rare earth sector."
Current stock price: 88.30 pence, up 1.9% on Thursday in London
12-month change: up 42%
By Emma Curzon, Alliance News reporter
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