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Cyclic Materials investing $25M to launch rare earth recycling center in Ontario

Cyclic Materials, an advanced recycling company building a circular supply chain for rare earth elements (REEs), announced a US$25-million investment to launch North America’s first Center of Excellence for rare earth recycling in Kingston, Ontario, which will result in 45 new skilled jobs in the region.

Spanning more than 140,000 square feet, the facility will serve as Cyclic’s industrial and innovation backbone, combining full-scale commercial processing and R&D to address the resilient sourcing of rare earth elements for use in permanent magnets.

The Kingston Center of Excellence will house Cyclic Materials’ first commercial “Hub” processing unit, leveraging the company’s proprietary REEPure technology. The facility is designed to convert 500 tonnes of magnet-rich feedstock annually into recycled Mixed Rare Earth Oxide (rMREO)—a product containing crucial components for permanent magnets used in EV motors, wind turbines, and consumer electronics such as Neodymium, Praseodymium, Terbium, and Dysprosium.

Feedstock for this facility will be sourced from both Cyclic’s Arizona-based “Spoke”, where end-of-life products will be processed, as well as a growing network of partners supplying magnet scrap from production.

With operations set to begin in Q1 2026, rMREO from this facility will supply key partners within the magnet value chain, such as Solvay, with whom Cyclic Materials signed an offtake agreement in 2024, providing a secondary resource of critical rare earth elements.

The site will also house an R&D center, including advanced labs and a mini-Spoke line, to accelerate process optimization and scale next-generation technologies across the rare earth value chain.

Today, less than 1% of rare earth elements are recycled, and global supply chains remain highly sensitive to growing geopolitical tensions and supply concentration. Cyclic Materials’ proprietary MagCycle and REEPure technologies recover REEs from end-of-life products such as EVs, wind turbines, and data center hard drives—delivering a low-footprint, circular alternative to mining and a fast track to domestic supply security.

The Center of Excellence will build on partnerships with Queen’s University, Kingston Process Metallurgy (KPM), RXN Hub, and Impact Chemistry, as well as support from national innovation programs including CMRDD (Critical Minerals Research, Development and Demonstration) from Natural Resources Canada, Sustainable Development Technology Canada (SDTC), and the National Research Council’s Industrial Research Assistance Program (IRAP).

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