3 days ago
Cyclic Materials to invest $25m in rare earth recycling centre in Ontario
Cyclic Materials has announced a $25m (C$34.04m) investment to establish a rare earth recycling facility in Kingston, Ontario, Canada.
The new Kingston Centre of Excellence is claimed to be North America's first Centre of Excellence for rare earth recycling.
The facility, spanning more than 140,000ft², will combine full-scale commercial processing with research and development (R&D) to address the resilient sourcing of rare earth elements (REEs).
The centre will feature Cyclic Materials' first commercial hub processing unit, using the company's proprietary REEPure technology. It is designed to convert 500 tonnes per annum of magnet-rich feedstock into recycled mixed rare earth oxide (rMREO).
The facility will play a crucial role in providing components for permanent magnets used in various technologies.
The rMREO produced will supply key partners within the magnet value chain, including Solvay, under a previously signed offtake agreement in 2024. This will offer a secondary resource of critical REEs to the industry.
Operations at the centre are expected to commence in the first quarter of 2026, and the project is set to create 45 new skilled jobs.
Additionally, the site will house an advanced R&D centre, equipped with labs and a mini-Spoke line, to further process optimisation and scale next-generation technologies.
Cyclic Materials CEO Ahmad Ghahreman said: 'With this Centre of Excellence, we are advancing our core mission: to secure the most critical elements of the energy transition through circular innovation.
'Kingston is where Cyclic began – and now it is where we are anchoring our commercial future.'
This initiative comes at a time when less than 1% of REEs are recycled globally, with supply chains vulnerable to geopolitical tensions and supply concentration.
Cyclic Materials' MagCycle and REEPure technologies are designed to recover REEs from end-of-life products, offering a sustainable alternative to traditional mining and contributing to domestic supply security.
The Centre of Excellence will also leverage partnerships with Queen's University, Kingston Process Metallurgy, RXN Hub and Impact Chemistry, supported by national innovation programmes.
Kingston Economic Development Corporation director of business Shelley Hirstwood said: 'We are thrilled to see Cyclic Materials' significant investment to establish their Centre of Excellence and Hub in Kingston, Ontario. This announcement not only creates high-quality jobs in the community but is a reflection of the expertise, talent and supportive ecosystem Kingston has to offer companies.
'We are proud to support Cyclic Materials' efforts to create a circular supply chain addressing Canada's critical minerals and rare earth elements."
"Cyclic Materials to invest $25m in rare earth recycling centre in Ontario" was originally created and published by Mining Technology, a GlobalData owned brand.
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