Cyclic Materials invested over $20M in new Mesa facility

Cyclic Materials, a recycling company creating a circular supply chain for rare earth elements and other critical materials, on April 23 announced it has invested more than $20 million in its first commercial facility, located in Mesa.

The new state-of-the-art facility will be the company’s first global rare earth elements recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle process,  according to a release at the Canadian company’s website.

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., it states.

“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 the second quarter of 2025, to fill the over 30 jobs required to operate the plant.

Cyclic Materials was founded in 2021. Go to cyclicmaterials.earth.