Cyclic Materials raises $75 million to scale rare earth magnet recycling

Cyclic Materials raises $75 million to scale rare earth magnet recycling

Cyclic Materials has closed a $75-million Series C equity round to scale its rare earth element recycling operations across the US and Europe and accelerate its Canada-based research and development footprint. The company says the funding will speed deployment of locally anchored recycling infrastructure for magnet-containing end-of-life scrap and magnet production waste—materials it processes to produce magnet rare earth elements, including hea…