MESA, AZ (April 23, 2025) – Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it is investing 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 REE recycling operation focused on the mechanical 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 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 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.”

“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 innovation in the electronic scrap and metal recycling industry while supporting local economic growth.

“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,” said Senator Ruben Gallego. “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.”

“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.”

“Investing in the circular economy is vital for Greater Phoenix to continue its development as a world-class region for companies and people,” said Chris Camacho, President and CEO, Greater Phoenix Economic Council. "Cyclic Materials compliments 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 Mesa 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 raised $57 million in its Series B equity round last year, 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. 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.

Media Contacts
Jacquie Kane, Antenna Group on behalf of Cyclic Materials, [email protected]

Alyssa Tufts, Arizona Commerce Authority, [email protected]

About Cyclic Materials
Established in 2021, Cyclic Materials is a cleantech company creating a circular supply chain for rare earth elements (REEs) and other critical materials for supporting the clean energy transition. Through its innovative technology, the company economically, sustainably, and domestically transforms end-of-life products into valuable raw materials that are essential to the production of electric vehicles, wind turbines, and motors for the electronics we use in our daily lives. In 2023, Cyclic Materials commissioned a commercial demonstration facility of the first stage of its process to recover rare earth magnets from end-of-life materials using the proprietary process Mag-CycleSM. In 2024, Cyclic Materials opened a second commercial demonstration facility for the second stage of its process in Kingston, Ontario, where Mixed Rare Earth Oxide is produced using its proprietary hydrometallurgical technology, REEPureSM. With the global market for magnets containing REEs forecasted to increase dramatically by 2030, establishing new sources of these critical materials is vital to support the electrification of the global economy. Cyclic Materials is scaling its technology across North America, Europe, and Asia. To learn more, visit cyclicmaterials.earth.

About the Arizona Commerce Authority

The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona's economy. The ACA uses a three-pronged approach to advance the overall economy: attract, expand, create - attract out-of-state companies to establish operations in Arizona; work with existing companies to expand their business in Arizona and beyond; and help entrepreneurs create new Arizona businesses in targeted industries. For more information, please visit azcommerce.com and follow the ACA on X @azcommerce.