Cyclic Materials celebrates grand opening of commercial-scale rare earth magnet recycling facility in Mesa. September 9, 2026 at 2:30 pm Cyclic Materials, an advanced recycling company creating a circular supply chain for rare earth elements and other critical materials, today celebrated the grand opening of its first commercial-scale rare earth magnet recycling facility in Mesa,, marking a major milestone in building America's domestic supply of rare earths and critical minerals. Representing an over $30 million investment, the facility is expected to create more than 25 new jobs initially. Cyclic Materials' leadership celebrated the grand opening alongside federal and local leaders including William Kimmitt, Under Secretary of Commerce for International Trade at the U.S. Department of Commerce, Mesa Mayor Mark Freeman, Mesa Vice Mayor Scott Somers, the Arizona Commerce Authority, Greater Phoenix Economic Council, and local business and community leaders. With an annual processing capacity of up to 25,000 metric tons of magnet-bearing end-of-life products, the facility produces Cyclic's rare earth magnet concentrate (Mag-Xtract(TM), and critical minerals such as copper, aluminum, and steel. "Arizona is a national leader in critical minerals and innovative technologies powering the reshoring of American industries," said Governor Katie Hobbs. "This facility will play a vital role in advancing Arizona's clean energy economy and strengthening U.S. supply chain resiliency."The Mesa facility is the world's first commercial-scale deployment of Cyclic Materials' proprietary MagCycle technology, efficiently delivering automated mechanical separation of magnets from end-of-life products, and serving as the front end of Cyclic Materials' integrated rare earth recovery platform. "This facility delivers new capacity for the U.S. to keep resource-rich products here and build domestic rare earth supply," said Ahmad Ghahreman, CEO and Founder of Cyclic Materials. "Cyclic is quickly closing gaps in the domestic supply chain as we expedite our rare earth and critical mineral infrastructure development in the U.S. This means shaving months, if not years, off the delivery of the critical materials required to drive AI, energy, and defense sectors forward." "As the nation's leading copper producer and a hub for mining and critical mineral innovation, Arizona plays a vital role in strengthening America's critical mineral supply chain," said Sandra Watson, President and CEO of the Arizona Commerce Authority. "Cyclic Materials' decision to establish the first facility of its kind further builds upon Arizona's leadership in advanced manufacturing and mining." "Cyclic Materials speaks to the innovation and can-do spirit Greater Phoenix is known for: By recovering REEs from end-of-life products, the company is building a sustainable way to create jobs, invest in the economy and drive national supply chain security goals," said Greater Phoenix Economic Council President & CEO Christine Mackay. "With local development within sectors like electronics, energy and defense, the region is situated play a key role in the future of the tech industry, and Cyclic Materials will support these steps forward." Cyclic Materials has built a strong commercial supply network across the U.S., securing significant volumes of magnet-bearing feedstock through long-term commercial partnerships. More than 7,000 metric tons have already been delivered to the Mesa facility, with substantially greater volumes secured across its growing supply pipeline. Processing is underway, with the first commercial shipments to U.S. customers expected later this month. Cyclic Materials' new facility was completed just 17 months after it was announced, demonstrating a repeatable deployment model to establish domestic capacity on an expeditious timeline. "Cyclic Materials' investment strengthens Mesa's position as a destination for companies developing technologies that are essential to America's economic and national security," said Mesa Mayor Mark Freeman. "By creating a new domestic source of rare earths and other critical materials, this facility will help make U.S. supply chains more resilient while bringing new investment and opportunity to our community." "Opening this facility just 17 months after it was announced demonstrates what is possible when an innovative company chooses a community prepared to support its growth," said Mesa Vice Mayor Scott Somers. "Cyclic Materials is a strong addition to southeast Mesa, and we look forward to seeing the company grow, create jobs and contribute to the continued momentum of the Gateway area." Global demand for rare earth elements is projected to triple by 2035, driven by AI, automotive, robotics, electronics, energy, and defense applications. In addition, the rare earth supply chain remains highly geographically concentrated, leaving it vulnerable to geopolitical risks. Building infrastructure to recover rare earths from end-of-life products is one of the fastest routes to securing domestic supply. "Rare-earth materials are essential inputs across some of the industries that matter most to America's economic and national security, and President Trump has made strengthening critical-mineral supply chains a priority," said William Kimmitt, Under Secretary of Commerce for International Trade at the U.S. Department of Commerce, who attended the grand opening of the Mesa facility. "Cyclic Materials' opening is a great example of government working effectively with industry for the American people." The Mesa facility is an important milestone in Cyclic Materials' buildout of a nationwide infrastructure network. A new South Carolina rare earth recycling campus is slated to open in development, which will combine the company's magnet recovery and rare earth refining platforms on a single site.

Cyclic Materials raises $75m to expand rare earth production in US. The funding is set to expedite the company's rare earth recycling campus in South Carolina. Cyclic Materials has secured $75m (C$103.93m) in a strategic financing round to boost its rare earth production in the US. This latest investment increases Cyclic Materials' total equity funding to $237m and includes expanded commitments from existing investors. It is set to expedite the company's plans for a rare earth recycling campus in South Carolina, as well as the growth of its Hub-and-Spoke infrastructure model across the country. This expansion aims to increase domestic capacity for recycling rare earths and other critical minerals, which are used in sectors such as AI, automotive, defence, medical, robotics, semiconductors and other manufacturing sectors. Accounts advised by T. Rowe Price Associates led the round, building on their previous investment in 2025. The fundraising follows developments including the commissioning of Cyclic Materials' commercial Spoke facility in Arizona, progress on the South Carolina campus and the growth of commercial partnerships. ERI, which recently joined as a strategic partner, is also an investor in the company. Cyclic Materials plans to break ground on its South Carolina integrated recycling campus in the fourth quarter of 2026 (Q4 2026). The company's Arizona plant, which specialises in magnet separation and critical mineral recycling, is expected to start operations in Q3 2026. The South Carolina facility will employ Cyclic Materials' technology platforms for magnet separation, rare earth recovery and refining. Cyclic Materials founder and CEO Ahmad Ghahreman said: "The continued support of its investors is enabling Mining Technology to build vital US rare earth infrastructure at a time when it has become a national priority. "This additional capital will enable us to move faster in South Carolina and across the US, accelerate the expansion of our Hub-and-Spoke network, produce more rare earths and critical minerals domestically and return them to American manufacturing." The US Government has classified the recovery of critical materials including end-of-life rare earth magnets and manufacturing scrap as a national security priority. The partnership with ERI is intended to improve feedstock sourcing for Cyclic Materials by tapping into ERI's electronics collection and processing network. Other institutional and strategic investors in Cyclic Materials include Amazon, BMW i Ventures, Energy Impact Partners, Hitachi Ventures, Jaguar Land Rover and Microsoft. In January 2026, Cyclic Materials announced an investment of more than $82m in its new rare earth recycling campus in McBee, South Carolina. Give your business an edge with its leading industry insights.

Cyclic Materials lands $75M to expand US rare earth recycling. The company is advancing commercial-scale processing and research to advance a circular supply chain for rare earths and other critical minerals. (Image courtesy of Cyclic Materials.) Rare earths recycler Cyclic Materials closed on Thursday a $75 million strategic financing round, bringing total equity funding to $237 million. Cyclic said the capital will accelerate deployment of its rare earth recycling campus in South Carolina, which it plans to break ground on Q4 2026, and the expansion of its Hub-and-Spoke infrastructure across the US. The company, backed by a global group of institutional investors that includes Energy Impact Partners, Microsoft, Amazon, BMW i Ventures, Jaguar Land Rover and Hitachi Ventures, is aiming to increase domestic production capacity for rare earths and critical minerals used across the AI, semiconductor, robotics, defense, automotive, medical, and other advanced manufacturing sectors. Discover more Sourcing Heavy Commercial Machinery Investing In Digital Currencies And Crypto Discovering Rock Identification Kits The latest financing round is led by accounts advised by T. Rowe Price Associates, Inc., which first invested in Cyclic Materials in 2025. The company said the new capital will accelerate expansion of its Arizona magnet separation and critical mineral recycling plant, which is expected to commence operations in Q3 2026. The South Carolina facility will combine the company's proprietary magnet separation, rare earth recovery and refining platforms at scale, Cyclic said. The company plans to build an integrated domestic critical material ecosystem, from feedstock sourcing and manufacturing scrap recovery to rare earth production. The financing comes as the United States has designated the recovery of critical materials already in circulation a national defense and supply security priority. A July 30 Presidential Determination identified end-of-life rare earth permanent magnets, manufacturing swarf, and other critical-mineral-bearing scrap as recoverable resources essential to national security. "The continued support of our investors is enabling us to build vital U.S. rare earth infrastructure at a time when it has become a national priority," Cyclic Materials CEO Ahmad Ghahreman said in a news release. "This additional capital will enable us to move faster in South Carolina and across the U.S., accelerate the expansion of our Hub-and-Spoke network, produce more rare earths and critical minerals domestically and return them to American manufacturing," Ghahreman said. No comments found. Discover more Investing In Precious Metals Exploring Online Chemistry Courses Investing In Gold And Silver Bullion