Cyclic Materials Invests $25mn in Rare Earths Recycling

Cyclic Materials

New Facility to Advance Circular Supply Chains

Cyclic Materials announced a $25mn investment to establish a commercial rare earth recycling facility and R&D hub in Kingston, Ontario. The plant will process 500 metric tonnes per year of magnet-containing feedstock into recycled mixed rare earth oxides, including neodymium, praseodymium, terbium, and dysprosium. Feedstock will be supplied from Cyclic’s Arizona-based spoke facility, which specializes in separating permanent magnets from end-of-life products.

Strengthening North America’s Rare Earth Security

Operations at the Kingston facility are expected to begin in early 2026, supplying partners with recycled rare earths for applications in electric vehicles, wind turbines, and consumer electronics. This initiative positions Canada as an emerging player in rare earth sustainability, reducing reliance on primary mining and diversifying supply away from China. The project also highlights growing investment in recycling technologies as governments and industries seek to build resilient and circular critical mineral supply chains.

The Metalnomist Commentary

Cyclic’s investment reflects a strategic shift toward localized and circular rare earth supply chains. By scaling recycling capacity in North America, the company is addressing both sustainability goals and geopolitical supply risks. The Kingston hub may serve as a model for future rare earth recovery initiatives worldwide.