Cyclic Materials to Invest Over USD $20M in its First Commercial Facility in the United States

Arizona Facility Expected to Process 25,000 Tonnes of End-of-Life Components Containing Rare Earth Permanent Magnets a Year

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 USD $20M in its first commercial facility, located in Mesa, Arizona. The new state-of-the-art facility will be the company’s first global REE recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle℠ process.

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Photo of Cyclic Materials' new commercial facility located in Mesa, Arizona (credit: Cyclic Materials)

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 tonnes 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 at the Mesa facility is expected to begin in Q2 2025, to fill the over 30 jobs required to operate the plant. The new plant will help drive innovations in the electronic scrap and metal recycling industry while supporting local economic growth.

State 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.”

“This facility means more good-paying jobs in Mesa and a stronger supply chain that will power everything from electric vehicles to artificial intelligence,” said Senator Mark Kelly. “Arizona is leading the way on clean energy and innovation, and this investment will make sure we build more of what we need right here.”

“Cyclic Materials' investment in Mesa is a significant win for Arizona. This new facility will not only create good-paying jobs for our community but also position Arizona as a leader in the critical rare earth element recycling industry, an important step in strengthening our economy and securing a sustainable future,” said Senator Ruben Gallego.

Local officials emphasized Cyclic Materials’ planned location in strengthening the local workforce and advancing clean energy innovation. “Investing in the circular economy is vital for Greater Phoenix to continue its development as a world-class region for companies and people,” said Greater Phoenix Economic Council President & CEO Chris Camacho. "Cyclic Materials complements the strong presence of data centers and EV manufacturers in the region, creating a more sustainable supply chain while strengthening the domestic availability of rare earth elements and other critical resources."

“We’re proud to welcome Cyclic Materials to Mesa. Their investment brings jobs to our community and positions Mesa as a hub for clean tech innovation and sustainable manufacturing,” said Mayor Mark Freeman. “This is the kind of forward-thinking industry we want to attract as we build a resilient and green economic future.”

“Cyclic Materials’ facility showcases Arizona’s global attractiveness for high-tech industries,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “With this state-of-the-art facility, Cyclic Materials will strengthen Arizona’s renewable energy ecosystem and further our leadership in emerging technologies.”

Cyclic Materials raised USD $57 million in its Series B equity round last year, backed by global industry leaders like Microsoft, Hitachi Ventures, BMW iVentures, and specialised funds ArcTern Ventures and Fifth Wall. The initial raise of USD $53 million was extended to include investments from InMotion Ventures and Amazon’s Climate Pledge Fund. Together, these 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. This move into the US underscores the critical role Cyclic Materials plays in advancing sustainable supply chains as it expands its footprint across North America with plans to establish operations in Europe.

Established in 2021, Cyclic Materials’ 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.

About Cyclic Materials

Cyclic Materials, founded in 2021, is a cleantech company building a circular supply chain for rare earth elements (REEs) and other critical materials essential to the clean energy transition. Its innovative technology transforms end-of-life products into valuable raw materials used in EVs, wind turbines, and electronics. In 2023, the company launched a commercial demo facility using its Mag-Cycle^SM process to recover rare earth magnets. In 2024, it opened a second facility in Kingston, Ontario, producing Mixed Rare Earth Oxide via its REEPure^SM hydrometallurgical process. With demand for REE-based magnets surging, Cyclic Materials is scaling globally across North America, Europe, and Asia. Mesa, Arizona, is its first U.S. location. Learn more at cyclicmaterials.earth.

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