Cyclic in the News

Creating a Circular Supply Chain for Rare Earth Elements

Ontario Clean Technology Industry Association
October 19, 2023
Small pile of minerals extracted in a rare earth mine.

Kingston, Ontario’s Cyclic Materials is helping the world transition to an environmentally responsible future by recovering rare earth elements from the difficult-to-recycle products. We spoke with Ahmad Ghahreman, CEO, to learn more about the company’s progress and next big milestones.

Describe your core offering(s). How is your organization contributing to a cleaner, greener future?

"Cyclic Materials is a cleantech startup with a focus on recycling the critical metals that are the core ingredients of our electrified future and the energy transition. Currently, more than 99% of these metals are lost to landfills. Our team has developed and is scaling up a solution that recovers those metals and puts them back into the economy.

The first part of our solution is a technology that allows us to extract magnets from end-of-life products (for one example, the traction motors of first-generation electric vehicles). The second technology allows us to process the materials to create fresh magnets and other products.

Cyclic Materials will build and operate plants that accept feedstock, convert it, and produce renewed materials with value to the economy and product supply chains."

Other than coffee, what gets you out of bed in the morning? How does this work connect with your core beliefs and values?

"While our economy needs the rare earth elements, they must first be mined. As we know, mining can have a very high impact on health, safety, and our environment. We also import a lot of our rare earth metals, and when we’re done with the products, many of them end up in landfills.

This cradle-to-grave system contributes to our carbon footprint, and I really believe it must change. Every day I go to work with a committed and talented team. We are all working towards the same goal. We want to participate in a circular economy, help the world transition to an environmentally responsible future, and make a difference with our technologies."

Read the full interview on OCTIA.CA.

Image Source: Joaquin Corbalan P / Shutterstock

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