Company Updates

Cyclic Materials Opens Pilot Plant, Demonstrates 8000 Tonnes Annual Magnet Recycling Capacity

Cyclic Materials
December 12, 2023
People wearing hard hats taking a tour of the plant.

The new pilot plant scales the advanced metals recycling company's proprietary Mag-Xtract™ technology to near commercial size

Advanced metals recycling company Cyclic Materials today announces successful results from its new Kingston, Ontario pilot plant, where its proprietary Mag-Xtract™ technology isolates magnets from recycled end-of-life products. The design capacity of the plant is 1,000 kg/hour (8,000 tonnes per year), and initial runs have processed several tonnes of magnet feedstock per day.

"The launch of our pilot plant is a major step forward for developing a domestic, circular supply chain for critical materials at the scale needed to support the clean energy transition and technological innovation," said Ahmad Ghahreman, co-founder and CEO of Cyclic Materials. "Our magnet-agnostic recycling technology produces one of the cleanest and highest quality mixed rare earth oxide products available on the global market—an environmentally sustainable, first-of-its-kind solution to the limited international supply of critical magnet materials."

In 2022, Cyclic Materials completed an initial proof-of-concept of Mag-Xtract™, processing 4000 kg of magnet-containing products—including copper, aluminum and steel— from end-of-life products. These materials are critical to the development of electric vehicles, wind turbines, smartphones and other technologies. In addition to developing Mag-Xtract™, Cyclic Materials is scaling its proprietary hydrometallurgy technology to convert magnet feedstock and manufacturing waste into mixed rare earth oxide, cobalt-nickel hydroxide, and other by-products. Last fall, Cyclic Materials piloted its hydrometallurgy technology at a capacity of 10 tonnes/year. It is currently developing the first commercial demonstration plant for this technology in Kingston, ON, with a target launch date in Q2 2024.

Cyclic Materials investors include BMW iVentures, Energy Impact Partners, Planetary Capital, Fifth Wall and Bio-industrial Innovation Canada, totaling over USD $30M in funding raised to develop its advanced metals recycling processes. The company has also received a CAD $3.6M (USD $2.6M) grant from Sustainable Technology Development Canada (SDTC).

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