Business
Pensana Plc - Strategic Investor Board Appointment
Pensana Plc - Strategic Investor Board
About this update from Pensana Plc
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 internationa...