We are supporting the energy transition through environmentally responsible recycling of rare earth elements (REEs) from magnets powering the modern world.
We provide our customers with solutions for recycling of magnet-containing products made from critical minerals, enabling the creation of a domestic supply chain for REEs through an economic and sustainable magnet recycling process.
Recycled rare earth elements require as little as 36% of the CO₂ emissions to produce compared to newly mined material
Diverting material back into the supply chain reduces the need to open new greenfield mines
Using new technology to recover rare earths from end-of-life magnets enables the formation of a local supply chain
As demand grows for wind turbines, electric vehicles, and other electronics, new sources of rare earth elements to support the world’s transition to an electrified society are needed. While new mines are necessary to meet projected demand, having access to recycled material will significantly reduce the need to open new mines.
Rare earth elements are currently not recycled at a commercial scale and end up in landfills. Cyclic Materials is creating a circular supply chain of rare earth elements by taking these landfill-bound products and recovering their critical metals through its innovative magnet recycling process.
Given the important role rare earth elements play in modern society, recovering these critical metals provides an opportunity to reduce waste and provide a more environmentally sustainable source to domestic industry.
Our team consists of highly motivated individuals with diverse skill sets. Combining the technical knowledge of our engineers with the business acumen of our directors was key to forming a team capable of changing the life cycle of rare earth elements.
Rare earth elements impact all of our lives. From smartphones to electric vehicles to green energy, these critical metals play a key role in the modernization and greening of our global economy.
With the global market for magnet rare earth oxides forecast to increase three-fold by 2030, establishing new sources of rare earth elements will be critical to support the electrification of the economy across Canada, North America, and the world.
We are developing an innovative process to recover the critical rare earth elements used in high performance magnets and re-circulating them back into the manufacturing process, reducing the environmental impact of the global energy transition.