TheTechno Optimist.

Hub-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 buildoutHub-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 opens 25,000 t/yr magnet-recovery plant in Mesa, Arizona

Hub-and-spoke magnet recycling

by Cyclic MaterialsCA

Turn the rare-earth magnets thrown away in old drives, motors and electronics into new magnet feedstock, giving the West neodymium, dysprosium and terbium that need no new mine.

DeployStage 4 of 5

Mesa, Arizona spoke open since Sep 2026 (25,000 t/yr scrap); South Carolina campus due in 2028.

Updated 10 Sep 2026Checked 11 Oct0 updates this week

Milestones

Next · Groundbreaking of South Carolina campus
  1. Cyclic Materials founded2021Complete.
  2. Kingston, Ontario hub and R&D centre opens2025Complete.
  3. Expanded VACUUMSCHMELZE scrap partnershipOct 2025Complete.
  4. US$75M Series CJan 2026Complete.
  5. Mesa, Arizona spoke opens (25,000 t/yr)Sep 2026Complete.
  6. Groundbreaking of South Carolina campusTarget Q4 2026Current milestone.
  7. South Carolina campus operating (600 t/yr oxides)Target 2028Not yet reached.

Most important updates

Upcoming

  1. Q4 2026Groundbreaking of South Carolina campus (next)
  2. 2028South Carolina campus operating (600 t/yr oxides)
Primer