Cyclic Materials
Cyclic Materials is a Canadian rare earth recycling company founded with a mission to build a secure, circular supply chain for rare earth elements recovered from end-of-life products, with operations and processing facilities in Kingston, Ontario; Mesa, Arizona; and a new campus under development in South Carolina. The company’s proprietary MagCycle℠ technology extracts NdFeB alloy powders and rare earth-bearing materials from end-of-life motors, wind turbine generators, hard disk drives, MRI machines, micromobility motors, and robotics, while its REEPure℠ technology refines the recovered material into high-purity mixed rare earth oxides — achieving over 90% REE recovery and supplying the resulting recycled materials back to magnet manufacturers and other industries via full Digital Product Passport traceability. Backed by $75M in Series C funding in January 2026 and investors including BMW i Ventures, T. Rowe Price, Amazon, Microsoft, and Energy Impact Partners, Cyclic Materials is actively partnered with Vacuumschmelze (VAC) and Neo Performance Materials and is one of the fastest-scaling rare earth recycling platforms in the Western world.