REEx ranks the top 10 rare earth reserve nations and finds only Australia, the US, and Canada are on track for real downstream industrial power by 2030.
Company Profile
Cyclic Materials
Overview
About Cyclic Materials
Cyclic Materials is a privately held advanced rare-earth recycling company headquartered in Kingston, Ontario, Canada, focused on creating a circular supply chain for the rare-earth elements used in permanent magnets. Using its proprietary MagCycle and REEPure technologies, the company recovers neodymium, praseodymium, dysprosium and terbium from end-of-life products such as electric-vehicle motors, wind turbines, MRI machines and data-centre hardware, plus magnet manufacturing scrap.
Cyclic operates a hub-and-spoke model, with regional spoke facilities concentrating magnet-rich feedstock and a central hub producing recycled mixed rare-earth oxide. In 2025 the company announced a US$25 million investment to establish a 140,000-square-foot Centre of Excellence in Kingston, North America’s first dedicated rare-earth recycling commercial hub, expected to begin operations in 2026. Backers include Microsoft’s Climate Innovation Fund and Amazon’s Climate Pledge Fund, supporting resilient Western rare-earth supply.
Investor Snapshot
Operations & Materials
Corporate Structure
REEx Intelligence
Recent Articles
Cyclic Materials opens a 25,000-tonne magnet recovery facility in Mesa, Arizona, advancing rare earth recycling from startup to industrial scale.
Cyclic Materials raises $75M to scale U.S. rare earth recycling, targeting 2,000 tonnes of magnet material annually at its new South Carolina campus.
Rare Earth Exchanges joins Atlanta's Critical Minerals Expo Oct 28–29, 2026, where mining, battery recycling, and e-waste industries converge for the
Duke University and UCT identify midstream processing—not mining—as the key to critical mineral value, but funding must be tied to proven output, not
The U.S. is financing a rare earth supply chain faster than it can build one—REEx forecasts meaningful mine-to-magnet scale by 2029–2030, not 2027.
ERI and Cyclic Materials partner to build a major U.S. rare earth recycling ecosystem, but feedstock expansion alone won't resolve critical supply chain gaps.
India launches a $4B critical mineral mission and magnet incentive program, but China's 30-year industrial head start still defines the rare earth race.
Solvay's La Rochelle facility is one of the West's few operating rare earth separators, now producing NdPr for magnets and targeting 30% of European
The Critical Minerals for Defense Conference in Toronto, June 9–10, unites mining, defense, and government leaders to build resilient allied supply chains.
Rare earth finance has evolved from policy to engineered capital. Wall Street now underwrites what Washington de-risks in strategic minerals.
1st North American Rare Earths Conference in Vancouver, April 2026, targets rebuilding strategic North American rare earth supply chain.
Neo and Cyclic explore a circular rare earth supply chain for magnet recycling in Europe—strategic but non-binding.
MDSM 2026 in Tallahassee unites the permanent magnet supply chain—rare earth producers, magnet manufacturers, motor OEMs, and federal labs.
Cyclic Materials raises $162M to scale rare earth magnet recycling, but output remains under 2% of global supply amid industrial challenges.
Cyclic Materials' $82M rare earth recycling campus in South Carolina advances U.S. midstream supply chain with 600-tonne MREO capacity by 2028.
Allied governments invested over $3B in critical minerals supply chain projects in 2025, yet still fall short of China's dominance in rare earths.
RESourceEU Action Plan elevates healthcare to strategic tier, creating €3B opportunities for EU magnet recyclers and medical isotope producers.
How the U.S. is breaking China's rare earth monopoly through DFARS 2027 ban, $700M+ OSC loans, and allied friendshoring to secure military supply chains.
NdFeB magnet recycling is accelerating globally with billion-dollar investments, innovative technologies, and policy mandates driving circular supply chains.
The AI boom's $375B spending depends on fragile rare earth supply chains controlled by China. Explore the risks of America's Nvidia-state economy.
Trump's 'deal on everything' meets China's Fourth Plenum tensions. Why rare earth supply chain uncertainty drives investor decisions amid US-China trade talks.
VAC's eVAC Magnetics partners with Cyclic Materials on exclusive 10-year rare earth recycling deal, creating closed-loop magnet production.
China dominates the heavy rare earth supply chain through Myanmar, controlling 98% of global refining with significant geopolitical and environmental implicati…
Explore how Western companies are pioneering rare earth recycling to address critical mineral supply challenges and reduce global dependency.
U.S. automakers and defense sector are rapidly reshaping rare earth magnet supply chains, breaking China's decades-long monopoly through strategic domestic par…
Explore the growing rare earth workforce across mining, processing, and manufacturing, with critical skills needed to build a resilient domestic supply chain.
Discover how innovative technologies are transforming the 1% rare earth magnet recycling landscape, reducing global dependence and challenging China's mineral…
Discover how innovative startups are transforming critical mineral recovery, challenging China's dominance, and driving national security through rare earth re…
U.S. recyclers are ramping up efforts to extract rare earth elements from e-waste, challenging China's dominance in the critical materials market.
Junior mining companies must transform digital communication strategies to engage new retail investors across online platforms with transparent, authentic stor…
Canadian startup Cyclic Materials launches CAD$25M rare earth magnet recycling plant in Kingston, targeting clean energy supply chain transformation.
Cyclic Materials secures $55M in Series B funding to advance rare earth recycling technologies, challenging global supply chain dynamics in the critical minera…
Jaguar Land Rover's InMotion Ventures invests $2 million in Cyclic Materials to advance REE recycling and support sustainable clean energy supply chains.
Cyclic Materials secures $53m to expand its rare earth recycling operations, aiming to enhance sustainable supply chains for critical materials.
