Cyclic Materials, a Canadian startup backed by Amazon and Microsoft, is investing $25 million (C$34.2 million) to build a rare-earths recycling plant and research centre in Kingston, Ont., adding to the city’s existing rare earths processing facilities.
The company has developed proprietary technology that recovers rare earth elements from discarded products such as wind turbines and data centre hard drives. The new 13,006-sq.-metre Kingston Centre of Excellence will mark the company’s first commercial-scale “hub” processing unit, expected to begin operations in the first quarter of 2026.
It’s designed to process 500 tonnes of magnet-rich feedstock annually, converting it into recycled mixed rare earth oxides (rMREO). This recycled product contains critical components such as neodymium, praseodymium, terbium and dysprosium. These elements are key to manufacturing permanent magnets used in electric vehicle motors, wind turbines and consumer electronics.
For the rest of this article: https://northernminer.com/news/cyclic-to-open-25m-rare-earths-plant-in-canada/1003879512/