While boron forms a wide range of metal borides with important industrial applications, there has been relatively little attention devoted to lanthanide boride clusters. Here we report a joint photoelectron spectroscopy and quantum chemical study on two octa-boron di-lanthanide clusters, LnB (Ln = La, Pr). We found that these clusters form highly stable inverse sandwich structures, [Ln-B-Ln], with strong Ln and B bonding via interactions between the Ln 5d orbitals and the delocalized σ and π orbitals on the B ring. A (d-p)δ bond, involving the 5dδ and the antibonding π orbital of the B ring, is observed to be important in the Ln-B interactions. The highly symmetric inverse sandwich structures are overwhelmingly more stable than any other isomers. Upon electron detachment, the (d-p)δ orbitals become half-filled, giving rise to a triplet ground state for neutral LaB In addition to the two unpaired electrons in the (d-p)δ orbitals upon electron detachment, the neutral PrB complex also contains two unpaired 4f electrons on each Pr center. The six unpaired spins in PrB are ferromagnetically coupled to give rise to a septuplet ground state. The current work suggests that highly magnetic Ln…B…Ln inverse sandwiches or 1D Ln…B…Ln nanowires may be designed with novel electronic and magnetic properties.