Cyclic-Materials-logo-navy
Kingston, CA · Founded 2021 · 106 employees on LinkedIn · 5 known investors
Cyclic Materials recovers rare earth elements and other critical minerals from end-of-life products through proprietary magnet separation and refining technologies. The company produces high-purity rare earth oxides and metals for use in AI infrastructure, robotics, defense systems, automotive, and renewable energy applications.
Also known as Cyclic Materials
Investors · 5
Company profile
researched Aug 2026Cyclic Materials is a rare earth element (REE) and critical minerals recycling company that recovers rare earths from end-of-life products in order to build a circular supply chain. Feedstock is sourced from a range of magnet-containing products, including AI and data-center hardware, hard disk drives, robotics, drones, defense equipment, automotive components (drive motors and hybrid transmissions, including micromobility), medical devices such as MRI machines, electronics, and energy infrastructure such as wind turbine generators.
The company's process runs in five stages. End-of-life products are first processed with its proprietary MagCycle mechanical separation technology, which separates rare earth magnet material from the rest of the product without manual intervention, producing a Mag-Xtract rare earth magnet concentrate while also recovering copper, aluminum and clean ferrous materials. Proprietary hydrometallurgical refining then recovers mixed rare earth oxides (MREOs) from Mag-Xtract and from magnet production waste, and solvent extraction separates these into high-purity oxides of neodymium-praseodymium (NdPr), samarium, gadolinium, terbium and dysprosium. A metallization step converts the high-purity oxides into rare earth metals, which are supplied to alloy producers and magnet manufacturers for use in new magnets across AI, automotive, robotics and electronics applications. Through partnerships, the company also offers Digital Product Passports for traceability and regulatory compliance across the value chain.
Business model
Cyclic Materials sources end-of-life magnet-bearing components and magnet manufacturing waste through a feedstock supplier program, processes them into rare earth oxides and metals plus by-products such as copper, aluminum and ferrous material, and supplies these to alloy producers and magnet manufacturers.
Traction
The company has announced a USD $25M investment to establish a Centre of Excellence in Kingston, Ontario, a USD $75M Series C, government funding from Natural Resources Canada, and commercial agreements with VACUUMSCHMELZE, Renercycle, Neo Performance Materials and ERI.
Latest developments
Recent announcements include a USD $75M Series C in January 2026; a planned South Carolina campus announced in January 2026; a CAD $9.1M investment from Natural Resources Canada and a non-binding MOU with Neo Performance Materials in March 2026; the appointment of Roger Zakheim as strategic advisor in April 2026; the addition of Klaus Kleinfeld, former Siemens and Alcoa CEO, to the board in May 2026; the appointment of Tomasz Poznar as Chief Commercial Officer in July 2026; and a partnership with ERI to recover rare earths and critical minerals from e-waste in July 2026.
▸Full profile — market position, technology, go-to-market, geography
Market position
The company positions itself against a market in which more than 90% of global rare earths processing is controlled by China and less than 1% of rare earth elements are recycled, offering "urban mining" as an alternative to newly mined supply and as a route to a resilient domestic supply chain.
Technology
Proprietary technologies include MagCycle, a mechanical magnet separation process that isolates rare earth magnet material from end-of-life products without manual intervention and yields Mag-Xtract magnet concentrate, and proprietary hydrometallurgical refining that produces mixed rare earth oxides. Solvent extraction separates the material into high-purity NdPr, samarium, gadolinium, terbium and dysprosium oxides, which are then metallized into rare earth metals. The company states a recovery rate of over 90% of rare earth elements from end-of-life products.
Go-to-market
Cyclic Materials operates a feedstock supplier program to secure end-of-life material and pursues strategic partnerships and MOUs with recyclers, magnet producers and materials companies, including ERI, VACUUMSCHMELZE, Renercycle and Neo Performance Materials.
Alloy producers and permanent magnet manufacturers, plus suppliers of end-of-life feedstock across automotive, data center, robotics, drone, defense, medical device, electronics and energy infrastructure sectors.
Geography
Announced a Centre of Excellence for rare earth recycling in Kingston, Ontario, and a planned expansion of its U.S. recycling footprint with a new South Carolina campus; partnership activity spans North America and trans-Atlantic supply chains.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 12
launches, deals, and filingsGovernment investment of CAD $9.1M to strengthen Canada's critical minerals supply chain.
$75M source ↗
$25M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 1
primary sources listed
- Cyclic-Materials-logo-navycyclicmaterials.earth · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Cyclic-Materials-logo-navy do?
- Cyclic Materials recycles rare earth elements and critical minerals from end-of-life magnets and products.
- Who are Cyclic-Materials-logo-navy's investors?
- Cyclic-Materials-logo-navy's investors include BMW i Ventures, Climate Investment, Energy Impact Partners, Hitachi Ventures, Zero Infinity Partners.
- Where is Cyclic-Materials-logo-navy headquartered?
- Cyclic-Materials-logo-navy is headquartered in Kingston, CA.