Cyclic Materials, a leading recycling company dedicated to creating a circular supply chain for rare earth elements (REEs) and other essential materials, has announced an investment exceeding USD $20 million in its inaugural commercial facility located in Mesa, Arizona. This cutting-edge facility will serve as the company’s first global REE recycling operation, concentrating on the separation of permanent magnets from previously unrecovered end-of-life products through its proprietary MagCycle℠ process.

Source: BusinessWire

In line with its commitment to fostering a sustainable ecosystem, Cyclic Materials is developing a feedstock supply network that will cater to the entire United States. The company has already established partnerships in the Southwest, a vital region with an estimated 155,000 tonnes per year of end-of-life components from automotive and e-scrap metals. Additionally, it is actively working to expand its presence nationwide to create a more robust and scalable supply chain.

We are excited to begin commercial operations in the U.S. in early 2026. We have chosen the vibrant Southwest for our first U.S. and global site to be close to feedstock that will support our mission to address the global supply-demand imbalance for rare earth materials. By developing circular supply chains, we can reduce dependence on overseas sources and secure a more stable REE supply for the future.

^{Ahmad Ghahreman, CEO and co-founder of Cyclic Materials}

Recruitment for the initial positions at the Mesa facility is anticipated to commence in the second quarter of 2025, aiming to fill over 30 roles necessary for plant operations. This new facility is poised to drive innovation in the electronic scrap and metal recycling sector while promoting local economic development.

State officials have expressed enthusiasm about the announcement, recognizing it as a significant advancement toward economic growth and job creation in the area.

We are proud Cyclic Materials will establish its first U.S. facility right here in Arizona. This facility will create family-sustaining jobs and support thriving industries, all while advancing Arizona’s clean energy economy.

^{Governor Katie Hobbs}

Last year, Cyclic Materials secured USD $57 million in its Series B equity round, with backing from prominent industry leaders such as Microsoft, Hitachi Ventures, BMW iVentures, and specialized funds like ArcTern Ventures and Fifth Wall. The initial raise of USD $53 million was later supplemented by investments from InMotion Ventures and Amazon’s Climate Pledge Fund. These collective investments position Cyclic Materials as a vital partner for companies seeking sustainable and circular supply chain solutions, particularly within the automotive and data center sectors. This expansion into the U.S. highlights Cyclic Materials' critical role in enhancing sustainable supply chains while extending its operations across North America, with future plans for European expansion.

Founded in 2021, Cyclic Materials utilizes proprietary technologies to economically and sustainably recover crucial raw materials from end-of-life electric vehicle motors, wind turbines, MRI machines, and electronic waste from data centers. Over the years, the company has formed strategic partnerships with key industry players, including Solvay, Vattenfall, Synetiq, and VACUUMSCHMELZE, to recycle magnets containing REEs and establish a circular supply chain.