Cyclic Materials Opens “Hub100” Facility for Production of Recycled Mixed Rare Earth Oxide

“The opening of Hub100 marks a significant milestone in our company’s journey. This successful scaling up of our technology emphasizes our commitment to growth and signifies our pursuit of innovation,” said Ahmad Ghahreman, co-founder and CEO of Cyclic Materials. “The operation of this plant will allow us to continue learning and filling design criteria for full commercial scale of our REEPure™ technology while producing revenue-generating products. This is a crucial step toward building a domestic supply chain of rMREO in North America and growing our network of facilities to collect and recycle products containing rare earth magnets.” Established in 2021 in Kingston, Ontario, Cyclic Materials is on a mission to create a circular supply chain for rare earth elements and other materials critical to electrification and the energy transition. Cyclic Materials is an industry leader developing technologies that are capable of economically, sustainably and domestically transforming end-of-life (EOL) products into valuable raw materials. Recycling these metals achieves significant environmental benefits in comparison to mining processes, including a reduced carbon footprint and water usage. Cyclic Materials’ plans to deploy facilities across North America will position the company to help fulfill the ever-increasing demand for domestic sources of MREO, while shifting reliance from China for these materials. “It is exciting for us to see Cyclic Materials continuing its growth in Kingston. The technology, expertise and vision are a testament to the ecosystem Kingston has been nurturing over the years. Kingston continues to prove itself on the domestic and global fronts as a cleantech center for technology development and commercialization,” said Abdul Razak Jendi, investment manager, sustainable manufacturing at the Kingston Economic Development Corporation. Cyclic Materials offers a fully circular pathway for EOL and scrap magnetic material for manufacturers and aggregators of EOL products containing permanent magnets with rare earth elements. In 2022, Cyclic Materials became one of the first companies in the world to produce MREO from recycled EOL products, as well as one of the first to produce MREO outside of China. To learn more about Cyclic Materials, please visit cyclicmaterials.earth. About Cyclic Materials