18 June 2026
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Pensana Plc ("Pensana" or the "Company")
Strategic Investor Board Appointment
Pensana (PRE.LSE) is pleased to announce that Sheikh Dr Badr bin Dalhim Al
-Faheid Al-Hajri has joined the Board of the Qatar-backed Cascade Natural
Resources Limited ("Cascade") and is fully supportive of Cascade's US$165million
Strategic Investment into Pensana as announced on 4 March 2026.
The appointment reflects Cascade's growing international standing, and the
strong backing of Qatar, as they look to advance their investment in Pensana and
the Longonjo project, and further deepen their commitment to rare earth supply
chains
Sheikh Dr Badr Al-Hajri, on joining the Cascade Board, said:
"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."
Paul Atherley, Chairman of Pensana commented:
"We very much welcome the support of Sheikh Dr Badr bin Dalhim Al-Faheid Al
-Hajri and the investment by Qatar-backed Cascade which will accelerate the
development of Longonjo as one of the world's largest rare-earth mines and for
the development of our downstream ambitions."
Lloyd Pengilly, Chairman of the Board of Cascade Natural Resources Limited,
said:
"We warmly welcome Sheikh Dr Badr Al-Hajri to the Cascade Board. His appointment
reflects the strong and committed support Qatar is bringing to Cascade as we
pursue our ambition to build a world leader in the rare earth space. Our
investment in Pensana and the Longonjo project is a significant step in that
journey, and we are grateful for Qatar's backing and excited about what we can
build together."
About Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri
Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri is a senior figure across the Gulf
and broader Arab world, with extensive experience spanning government,
diplomacy, and international economic affairs. He has held senior positions
within institutions operating under the umbrella of the League of Arab States
and the Arab Economic Unity Council, representing twenty-two Arab member states
across the Middle East, North Africa, the Gulf region and Africa. He brings to
the Cascade Board deep networks across sovereign and institutional investor
communities in the Gulf, as well as a long-standing commitment to fostering
investment partnerships between the Arab world and international markets. His
appointment strengthens Cascade's relationships with Qatari and broader Gulf
investors as the company executes its critical minerals strategy.
About Cascade Natural Resources Limited
Cascade Natural Resources Limited is a Guernsey-incorporated investment company
focused on building and investing in companies with the potential to become
global leaders in the natural resources sector. Backed by Qatari capital,
Cascade pursues a strategy of concentrated, high-conviction investments in
assets across critical minerals and natural resources, targeting opportunities
where focused management and strategic capital can create businesses of lasting
global significance.
About Pensana
Pensana is developing one of the world's largest and highest-grade magnet metal
rare earth mines which will produce initially 20,000 tpa of a clean high value
MREC including both LREE and HREE. The plan is to expand production to 40,000
tpa of MREC once initial operations have been established.
The Longonjo operation will extract, concentrate, calcine and chemically refine
the free dig material to produce a high-value MREC which will be railed 273
kilometers in containers to the Atlantic port of Lobito for export.
Pensana is looking to establish a world class fully integrated mine-to-magnet
supply chain in partnership with U.S. partners and with support from U.S.
Government.
The Longonjo mine is located adjacent to the Lobito rail corridor approximately
60 kilometers west of the provincial capital of Huambo in central Angola.
The project is currently under development, comprises an open pit, concentrator
and recovery plants, tailings storage facility (designed to meet the
requirements of the Global Industry Standard on Tailings Management), process
water supply, bulk power supply, mine infrastructure, workshops, offices,
accommodation village, recreational facilities, and other associated
infrastructure.
The information contained within this announcement is considered by the Company
to constitute inside information as stipulated under the Market Abuse
Regulations (EU) No.596/2014. Upon the publication of this announcement via a
Regulatory Information Service, this inside information will be considered to be
in the public domain. The person responsible for arranging for the release of
this announcement on behalf of the Company is Paul Atherley (Chairman).
-ENDS-
For further information, please contact: Shareholder/analyst enquiries: Pensana
Plc
Paul Atherley, Chairman IR@pensana.co.uk
Tim George, Chief Executive Officer Rob Kaplan, Chief Financial Officer
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/pensana-plc/r/strategic-investor-board-appointment,c4365264
