DOHA: London-listed Pensana plc has announced the appointment of Dr. Badr bin Dalham Al-Fahid Al Hajri to the Board of Cascade Natural Resources Limited, the Qatar-backed investment company.
The company also reaffirmed Dr. Al Hajri's full support for Cascade's planned US$165m strategic investment in Pensana, which was first announced on March 4, 2026.
Commenting on his appointment, Dr. Al Hajri said: "I am honoured and delighted to join the Board of Cascade and contribute to the company's strategic vision as it advances its investments in Pensana and the Longonjo Project.
“This significant investment reflects a forward-looking commitment to strengthening critical minerals 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. I look forward to working with the Cascade team to establish the company as a leading player in the rare earths sector."
Chairman of Pensana Paul Atherley welcomed the appointment, saying: "We are delighted to welcome Dr. Al Hajri's support and the investment from Qatar-backed Cascade, which will accelerate the development of the Longonjo Project into one of the world's largest rare earth mines. It will also support our expansion plans in the downstream stages of the value chain."
Chairman of Cascade Lloyd Bingley, also welcomed Dr. Al Hajri to the Board, stating: "We warmly welcome Dr. Badr Al Hajri to the Board of Directors. His appointment reflects Qatar's strong and committed support for Cascade as we pursue our ambition of building a globally leading rare earths company. Our investment in Pensana and the Longonjo Project marks an important step on this journey, and we are grateful for Qatar's backing and excited about what we can achieve together."
