# Cyclic Materials adds US$75M strategic round to speed its South Carolina buildout

Canonical page: https://technooptimist.io/stories/cyclic-materials-adds-us-75m-strategic-round-to-speed-its-south-3cda4ccc
Date: 27 Aug 2026
About: [Cyclic Materials](https://technooptimist.io/companies/cyclic-materials.md) · [Hub-and-spoke magnet recycling](https://technooptimist.io/materials/magnet-recycling-network.md)
Original source: https://cyclicmaterials.earth/resources/cyclic-materials-announces-usd-75-million-strategic-growth-financing-to-scale-u-s-rare-earth-production

A second US$75 million round, again led by T. Rowe Price-advised accounts, brought Cyclic's total equity to US$237 million. E-waste recycler ERI joined as a strategic investor. The money is aimed at the South Carolina campus, where groundbreaking is planned for Q4 2026, and more US sites.

## Key facts

- Total equity funding: US$237 million.
- Backers include Energy Impact Partners, Microsoft, Amazon, BMW i Ventures, JLR and Hitachi Ventures.
- South Carolina groundbreaking planned for Q4 2026.

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