Cyclic Materials, a Canadian startup backed by Amazon and Microsoft, is investing $25 million to build a rare-earths recycling plant and research centre in Kingston, Ontario.
The company has developed proprietary technology that recovers rare earth elements from discarded products such as wind turbines and data-centre hard drives. In 2023, it launched a commercial demonstration facility using this process to extract rare earth magnets. By 2024, it had opened a second facility in Kingston to produce Mixed Rare Earth Oxide (MREO).
Last year, the federal government awarded Cyclic Materials $4.9 million to build a demonstration facility in Kingston. That project is now complete.
The new 140,000-square-foot Kingston Centre of Excellence will mark the company’s first commercial-scale “Hub” processing unit. It will begin operations in the first quarter of 2026 and is designed to process 500 tonnes of…
