April 23, 205 – Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has invested over $20 million in its first commercial facility, located in Mesa, Arizona. The new state-of-the-art facility will be the company’s first global rare earth element recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle process.
As part of the company’s commitment to building a sustainable ecosystem, Cyclic Materials is establishing a feedstock supply network that will serve the entire U.S. While the company has already secured partnerships in the Southwest — a key region with an estimated 155,000 tons per year of end-of-life components from automotive and e-scrap metals — it is actively expanding its reach nationwide to develop a more robust and scalable supply chain.
“We are excited to begin commercial operations in the U.S. in early 2026,” said Ahmad Ghahreman, CEO and co-founder of Cyclic Materials. “We have chosen the vibrant Southwest for our first U.S. and global site to be close to feedstock that will support our mission to address the global supply-demand imbalance for rare earth materials. By developing circular supply chains, we can reduce dependence on overseas sources and secure a more stable REE supply for the future.”
Recruitment for the first hires is expected to begin in Q2 2025 to fill the over 30 jobs required to operate the plant, heralded for helping drive innovations in the electronic scrap and metal recycling industry while supporting local economic growth.
State and local officials welcomed the news, praising it as a major step toward economic growth and job creation in the region. “We are proud Cyclic Materials will establish its first U.S. facility right here in Arizona,” said Governor Katie Hobbs. “This facility will create family-sustaining jobs and support thriving industries, all while advancing Arizona’s clean energy economy.”
As earlier reported in Magnetics Magazine, Cyclic recently raised $57 million in a venture financing backed by global industry leaders like Microsoft, Hitachi Ventures, BMW iVentures, and specialized funds ArcTern Ventures and Fifth Wall. The initial raise of $53 million was extended to include investments from InMotion Ventures and Amazon’s Climate Pledge Fund.
The investments position Cyclic Materials as a key partner for companies seeking sustainable and circular supply chain solutions, particularly in the automotive and data center industries. It plans to further expand its footprint across North America, also to establish operations in Europe.
Established in 2021, the company’s proprietary technologies are capable of economically and sustainably recovering critical raw materials from end-of-life electric vehicle motors, wind turbines, MRI machines, and data center electronic waste. Over the years, the company has forged strategic partnerships with key industry leaders such as Solvay, Vattenfall, Synetiq, and Vacuumschmelze to recycle magnets containing REEs and establish a circular supply chain. For more info, query for the company name in Magnetics Magazine and see www.cyclicmaterials.earth.
