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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

Cyclic Materials announces USD $75 million strategic Growth financing to scale U.S. Rare Earth Production. Capital to accelerate the buildout of rare earth production infrastructure across the United States, advancing Cyclic Materials' proprietary platform to strengthen domestic recovery and supply of critical materials The newly announced $75 million strategic financing will accelerate Cyclic Materials' U.S. expansion and scaling of its rare earth production infrastructure across its growing network of commercial-scale facilities. MESA, Ariz. & MCBEE, S.C.-(BUSINESS WIRE)-Cyclic Materials, the company building rare earth production infrastructure through circular supply chains, today announced the completion of a USD $75 million strategic financing round, reflecting expanded commitments from existing investors and bringing total equity funding to USD $237 million. The capital will accelerate deployment of Cyclic Materials' rare earth recycling campus in South Carolina and expansion of its Hub-and-Spoke infrastructure across the United States, increasing domestic production capacity for rare earths and critical minerals used across the AI, semiconductor, robotics, defense, automotive, medical, and other advanced manufacturing sectors. Existing Investors Led by T. Rowe Price Increase Their Commitment to Fuel Cyclic Materials' Next Phase of Growth The latest financing round is led by accounts advised by T. Rowe Price Associates, Inc., which first invested in Cyclic Materials in 2025. The round builds on strong commercial momentum, including the commissioning of Cyclic Materials' first commercial Spoke in Arizona, advancement of its South Carolina integrated rare earth campus, expansion of strategic commercial partnerships, and the ongoing establishment of a resilient domestic rare earth supply chain. In addition, ERI, a recently announced strategic partner of Cyclic Materials, joined as a new strategic investor. "Cyclic Materials continues to demonstrate itself as the market leader in rare earth recovery, advancing its commercial operations, expanding its U.S. footprint and securing strategic partnerships across the critical material supply chain," said Vineet Khanna, Investment Analyst at T. Rowe Price. "Our continued investment reflects our confidence in the company's ability to scale domestic rare earth recycling and production infrastructure for use across critical U.S. industries and technologies." Funds to Accelerate Cyclic Materials' Buildout of U.S. Rare Earth Production Infrastructure The new capital will accelerate Cyclic Materials' expansion of its U.S. Hub-and-Spoke infrastructure, with plans to break ground on an integrated rare earth recycling campus in South Carolina in Q4 2026. The additional capacity will complement the company's 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. By expanding its Hub-and-Spoke network, Cyclic Materials is building an integrated domestic critical material ecosystem, from feedstock sourcing and manufacturing scrap recovery to rare earth production. Establishing Domestic Rare Earth Infrastructure for U.S. Supply Chain Security 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 specifically 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," said Ahmad Ghahreman, Founder and CEO of Cyclic Materials. "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." ERI Joins as Strategic Investor, Further Strengthening Value Chain Integration for Rare Earth Recycling ERI's entry as an investor builds on the strategic partnership announced by the two companies in July. Through the partnership, ERI will use its nationwide electronics collection and processing network to identify, secure and pre-process products containing rare earth magnets and other critical materials for recovery by Cyclic Materials, establishing a stronger value chain for feedstock to flow domestically for rare earth recovery. In addition to T. Rowe Price accounts, Cyclic Materials is backed by a global group of institutional and strategic investors that includes Energy Impact Partners, Microsoft, Amazon, BMW i Ventures, Jaguar Land Rover and Hitachi Ventures, among others. About Cyclic Materials Cyclic Materials is building industrial infrastructure for domestic rare earth recovery and production through its proprietary technology platform. The company produces high-purity rare earth oxides used to manufacture permanent magnets that power the automotive, AI, robotics, defense, electronics, energy, medical, and other advanced manufacturing sectors. With commercial operations expanding across North America and globally since its first commercial shipments in 2024, Cyclic Materials is establishing a secure, circular supply of rare earth materials. Learn more at cyclicmaterials.com.

ERI and Cyclic Materials team up on e-scrap. ERI, one of the largest electronics recycling and IT asset disposition companies in the United States, has entered a strategic partnership with Cyclic Materials, a Mesa, Arizona-based company that recovers rare earth elements from end-of-life products. The companies announced the deal July 21, framing it as an effort to build out one of the largest rare earth recovery networks in the US by linking ERI's collection infrastructure to Cyclic's processing and refining capacity. The arrangement is built around a straightforward supply-chain gap: enormous quantities of rare earths and other critical minerals sit inside electronics that get discarded every year, largely unrecovered. Both companies are betting that pulling those materials back out of circulation, rather than waiting on new mining projects, offers a faster route to shoring up domestic supply. Under the agreement, ERI will use its eight US recycling facilities to sort and pre-process material from magnet-bearing electronics, then route it to Cyclic Materials for rare earth extraction. ERI processes roughly a million pounds of electronic waste daily, giving Cyclic a large and steady stream of potential feedstock. The two companies say they have already begun sampling and qualifying several high-volume product categories for the program, with most of that material headed to Cyclic's Arizona plant, which has capacity to handle up to 25,000 tons of end-of-life components a year. Beyond rare earths, Cyclic's recovery process also pulls out other recoverable metals, including copper and aluminum, from the same feedstock. The companies also plan to jointly pursue government and commercial contracts - including RFPs - tied to critical mineral recycling and circular supply chain development. Cyclic Materials CEO and founder Ahmad Ghahreman said the partnership turns ERI's processing volume into a meaningful new domestic source of rare earths, and characterized it as a way to reduce reliance on foreign trade relationships while strengthening supply chain resilience and national security. ERI Chairman and CEO John Shegerian said the deal brings new efficiency to closing the loop on critical minerals, pointing to Cyclic's technology and Arizona facility as making rare earth circularity more commercially viable than it has been previously. ERI says it uses proprietary AI-driven software and hardware to identify and isolate magnet-containing material at a level of purity that makes it usable feedstock for Cyclic's recovery process. The company holds ISO 27001 and SOC 2 Type II certifications and says it has the capacity to process more than a billion pounds of e-waste annually across its US locations. The deal comes as US policymakers continue to press for a domestic rare earth supply less dependent on imports, particularly from China, which dominates global rare earth refining. Cyclic Materials, for its part, has been expanding beyond North America, with recovery operations also underway in Europe and Asia. The company has previously highlighted early commercial shipments of recycled rare earth oxides to customers as it scales up from demonstration to commercial volumes. Rare earth magnets recovered through the partnership would be refined into oxides for use in new permanent magnets - materials in demand across automotive, defense, robotics, electronics and AI hardware manufacturing, sectors where rare earth supply constraints have drawn increasing attention from US industry and government. Neither company disclosed financial terms of the agreement. For more information, contact John Shegerian.