Cyclic Materials invests over $20M in Arizona recycling facility

Cyclic Materials, a Canadian rare earth and metals recycler backed by major industry players, announced a $20 million investment in its first commercial facility located in Mesa, Arizona. This state-of-the-art plant will employ Cyclic’s proprietary MagCycle process to recover permanent magnets from end-of-life products such as electric vehicle motors, wind turbines, and electronic scrap, aiming to process up to 25,000 metric tons of material annually. The project is part of a broader effort to establish a robust, nationwide feedstock supply network and reduce U.S. dependence on overseas sources of rare earth elements. Operations are scheduled to begin in early 2026, with recruitment for over 30 jobs starting in mid-2025. State officials have welcomed the facility, highlighting its potential for job creation, economic growth, and advancement of Arizona’s clean energy economy. Cyclic Materials already has offtake agreements for some of its recycled materials and views the project as a significant step in strengthening the domestic critical minerals supply chain.