Cyclic Materials (Equity Investment)
Funding Details
- Awarder
- RSS - climateinsider.com
- Date Award
- July 26, 2024
- Vertical
- Recycling
- Funding URL
- View Funding Page
Company Info
- Founding Year
- 2021
- Traction
- Cyclic Materials recently opened its Kingston-based 'Hub100' plant, deploying its proprietary hydrometallurgical technology, REEPure, to meet the increasing demand for domestic sources of mixed rare earth oxide (MREO) in North America.
- Organizations Involved
- Microsoft, Sims Lifecycle Services (SLS)
- Founders
- Ahmad Ghahreman
- Company Description
- Cyclic Materials recycles rare earth elements from magnet-containing products for sustainability.
- Market
- Climate Tech
- Location
- Toronto, Ontario, Canada
- Coinvestors
- Microsoft's Climate Innovation Fund