Cyclic Materials
Updated: February 02, 2026
Founders: Ahmad Ghahreman, Patrick Nee
Country: Canada | Funding: $161.2M (+)
Founded: 2021
Website: https://www.cyclicmaterials.earth/
Cyclic Materials specializes in recycling magnet manufacturing waste and other end-of-life components (electric vehicle motors, hybrid transmissions, wind turbine generators, hard drives, MRI machines) to extract rare earth elements. It utilizes physical and hydrometallurgical processing for extracting metals. Its patented MagCycleSM and REEPureSM technologies enable the recovery of critical minerals with minimal environmental impact. The resulting products include high-quality recycled mixed rare earth oxide (rMREO), aluminum, copper, nickel, cobalt, mixed hydroxide precipitate (MHP) and pure iron-containing materials. The company operates a rare earth element recycling facility in South Carolina that can produce 600 tonnes of rare metals per year.
Founded: 2021
Website: https://www.cyclicmaterials.earth/
Cyclic Materials specializes in recycling magnet manufacturing waste and other end-of-life components (electric vehicle motors, hybrid transmissions, wind turbine generators, hard drives, MRI machines) to extract rare earth elements. It utilizes physical and hydrometallurgical processing for extracting metals. Its patented MagCycleSM and REEPureSM technologies enable the recovery of critical minerals with minimal environmental impact. The resulting products include high-quality recycled mixed rare earth oxide (rMREO), aluminum, copper, nickel, cobalt, mixed hydroxide precipitate (MHP) and pure iron-containing materials. The company operates a rare earth element recycling facility in South Carolina that can produce 600 tonnes of rare metals per year.
