Pensana, a London-listed company, has announced the appointment of Dr Bader Bin Dalham al-Fahad al-Hajri to the board of Cascade Natural Resources Limited, a Qatari-backed company.
In a press statement, Dr al-Hajri affirmed his full support for Cascade's planned $165mn strategic investment in Pensana, which was previously announced on March 4.
“I am honoured and delighted to join the Cascade board and contribute to the company’s strategic vision as it progresses with its investments in Pensana and the Longongo project,” he stated upon joining the Cascade board.
“This significant investment reflects a forward-looking commitment to strengthening vital 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 industries, and long-term industrial growth,” Dr al-Hajri said. “I look forward to working with the Cascade team to build a leading position for the company in the rare earth elements sector.”
Pensana confirmed its full support for Cascade’s strategic investment in Pensana, valued at $165mn, as previously announced on March 4.
“We are delighted to welcome Dr al-Hajri’s support and the investment from Qatar-backed Cascade Investment, which will accelerate the development of the Longongo project into one of the world’s largest rare earth mines and support our expansion plans in later stages of the value chain,” said Pensana chairman Paul Atherley.
“We are delighted to welcome Dr Bader al-Hajri to the board,” said Cascade Investment chairman Lloyd Pengeley. “This appointment reflects Qatar’s strong and committed support for Cascade Investment as we strive to build a world-leading rare earth company.”
“Our investment in Pensana and the Longongo project is a significant step in this direction, and we are grateful for Qatar’s support and excited about what we can achieve together,” he said.
