Providing a Solution for the Modern World

Rare earth elements impact all of our lives. From smartphones to electric vehicles to green energy, these critical metals play a key role in the modernization and greening of our global economy.

Person charging their electric vehicle

Making Big Changes Efficiently

With the global market for magnet rare earth oxides forecast to increase three-fold by 2030, establishing new sources of rare earth elements will be critical to support the electrification of the economy across Canada, North America, and the world.

Our Timeline

Fall 2021

Cyclic Materials is Founded After Seed Fundraising

Summer 2022

Mag-Cycle (Spoke) and REEPure (Hub) Processes are Proven at Bench Scale

Fall 2022

Initial Mixed Rare Earth Oxide (rMREO) Production Run is Completed for REEPure (Hub) Pilot. Continuous Magnet Processing Capacity of 10 Tonnes Per Year is Successfully Proven

Winter 2023

Cyclic Materials Receives $3.6M CAD in Funding from Sustainable Development Technology Council of Canada (SDTC)

Spring 2023

Cyclic Materials Closes an Oversubscribed Series A Funding. The round is led by BMW i Ventures (BiV) and Energy Impact Partners (EIP) and includes participation from Fifth Wall, Bioindustrial Innovation Canada (BIC), and seed investor Planetary Capital

Summer 2023

REEPure (Hub) Co-Product Processes are Proven at Pilot Scale

Fall 2023

Mag-Cycle (Spoke) Pilot Facility is Launched with a Design Capacity of 8,000 Tonnes Per Year

Spring 2024

REEPure (Hub) Commercial Demonstration Facility Launched with a Magnet Processing Design Capacity of 100 Tonnes Per Year

We're a team of deep technical innovators

We are developing an innovative process to recover the critical rare earth elements used in high performance magnets and re-circulating them back into the manufacturing process, reducing the environmental impact of the global energy transition.

Ahmad Ghahreman
CEO, PRESIDENT & CO-FOUNDER
Bio
Patrick William Nee
VP Strategic Partnerships & Co-Founder
Bio
Jeff Dawley
CFO
Bio
Alex Forstner
VP Engineering & Technology
Bio
Debra Palen
Director, Capital Projects
Bio
Kunal Phalpher
SVP, Corporate Development
Bio
Ahmad Ghahreman
CEO, PRESIDENT & CO-FOUNDER
Bio
Scott Walbrun
Director
Bio
Sam Bursten
Director
Bio
Rik Wehbring
Director
Bio
Peter Kondos
Director
Bio
Leili Tafaghodi
Technical Advisor
Bio
Bruce MacInnis
Financial Advisor
Bio
Mike Outwin
Business Advisor
Bio
Neil Zeller
Financial Advisor
Bio
Ben Rankin
Financial Advisor
Bio
Dr. Yeonuk Choi
Technical Advisor
Bio
Adam Shine
Business Advisor
Bio

Join us in changing the lifecycle of Rare Earth Elements.