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【Ferro-alloys.com】：Global rare earths mining investment platform Cascade Natural Resources has increased its previously announced investment in London-listed Pensana in support of the development of the company's US mine-to-magnet strategy, to $165-million.

Cascade had initially agreed to invest $100-million in Pensana.

Pensana explains that Cascade intends to advance the strategic investment to Pensana and its group companies by way of an investment of $15-million into Pensana by way of a subscription for 13.55-million new ordinary shares at 80p a share.

• [Editor:Alakay]