Articles from Cyclic Materials

Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has invested over USD $20M in its first commercial facility, located in Mesa, Arizona. The new state-of-the-art facility will be the company’s first global REE recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle℠ process.

Cyclic Materials, the advanced recycling company building a circular supply chain for Rare Earth Elements and other critical materials, today announced a $2 million investment from InMotion Ventures, the investment arm of Jaguar Land Rover (JLR). This latest backing lifts the company’s Series B round to $55 million, underscoring its critical role in advancing sustainable supply chains for the automotive industry and beyond.

Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements (REEs) and other critical metals, today announced the signing of a multi-year offtake agreement with Glencore, a global natural resources company, for the supply of copper produced at its Spoke operations. The strategic partnership aims to advance sustainable practices in the rare earths industry and drive copper circularity while addressing the growing demand for securing recycled materials central to the energy transition.

Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has successfully closed an oversubscribed USD $53 million Series B equity round.

Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, has announced the signing of a collaboration agreement for the recycling of electric motors containing rare earths with SYNETIQ, an IAA company and the U.K.’s leading integrated vehicle salvage and recycling company. The motors to be supplied by SYNETIQ include drive motors in hybrid and electric vehicles, as well as auxiliary motors present in all vehicles.

Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, today announced it has received an equity investment from Microsoft’s Climate Innovation Fund, an initiative dedicated to accelerating technology development and deployment of new climate innovations. This investment is representative of Microsoft’s commitment to a circular economy and interest in hard drive rare earth element recycling.

Solvay, a leader in rare earth materials supply for catalysis and electronics, and Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, announced the signing of an agreement for the supply of recycled mixed rare earth oxide (rMREO) from Cyclic Materials to Solvay, with shipments to begin in late 2024.

Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, today announced the opening of its Hub100 plant in Kingston, ON. The plant is the first scaled version of Cyclic’s proprietary hydrometallurgical technology, REEPure™, and demonstrates the feasibility of this technology at a commercial scale. Hub100 has a design capacity to recycle 100 tonnes of magnetic material per year, producing recycled mixed rare earth oxides (rMREO) that can be reused in the rare earth magnet supply chain, as well as nickel and cobalt hydroxides.

Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, today announced a partnership with VACUUMSCHMELZE (VAC), a leading developer of magnetic materials and solutions. The companies have signed an agreement ensuring that by-products containing critical materials used in high-performance permanent magnets will be recycled. This partnership advances efforts to create a local and sustainable supply chain for these magnets, which are critical components for electric vehicles (EVs), hybrid vehicles, wind turbines and modern electronics.

Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, has expanded its operations to accept two new feedstock streams: wind turbine generators and MRI machines. Through its strong partnership network, Cyclic has already sourced 37 MW capacity of wind turbine generators containing permanent magnets, and 116,000 pounds of MRI machines. This development marks a strategic expansion for the company beyond automotive components and other permanent magnet-containing products into other end-of-life products.

Advanced metals recycling company Cyclic Materials today announces successful results from its new Kingston, Ontario pilot plant, where its proprietary Mag-Xtract™ technology isolates magnets from recycled end-of-life products. The design capacity of the plant is 1,000 kg/hour (8,000 tonnes per year), and initial runs have processed several tonnes of magnet feedstock per day.

Cyclic Materials, an advanced metals recycling company focused on producing critical materials, today announced the appointment of Kunal Phalpher as a new advisory board member. Based in Ontario, Kunal will provide strategic guidance on the company’s commercial and business development strategy.