TheTechno Optimist.

Hub-and-spoke magnet recyclingCyclic Materials—Cyclic Materials opens 25,000 t/yr magnet-recovery plant in Mesa, ArizonaHub-and-spoke magnet recyclingCyclic Materials—Cyclic Materials plans US$82M rare-earth recycling campus in McBee, South CarolinaHub-and-spoke magnet recyclingCyclic Materials—Cyclic Materials raises US$75M Series C led by T. Rowe Price-advised accountsHub-and-spoke magnet recyclingCyclic Materials—Cyclic Materials adds US$75M strategic round to speed its South Carolina buildout

Cyclic Materials

Rare-earth magnet recycling, MagCycle, REEPure

CAprivateest. 2021cyclicmaterials.earth (opens cyclicmaterials.earth)Checked 11 Oct

The brief

Analyst view
  • Opened a 25,000 t/yr magnet-recovery plant in Mesa, Arizona in September 2026.
  • Raised two US$75M rounds in 2026, led by T. Rowe Price-advised accounts; US$237M equity in total.
  • Building an $82M+ South Carolina campus that will also recycle VACUUMSCHMELZE's magnet factory scrap.

Technical approach

As reported
Spoke

MagCycle magnet recovery

Automated shredding and sorting separate magnet material from steel, copper and aluminium without hand dismantling.

Hub

REEPure refining

Hydrometallurgy dissolves the magnet material and recovers mixed rare-earth oxides; solvent extraction then yields NdPr, Tb and Dy.

Primer