Cyclic Materials

Cyclic Materials' magnet separation process can recycle a diverse range of end-of-life products to isolate rare earth permanent magnets and recover valuable materials including copper, aluminum, and clean ferrous metals.

Cyclic Materials produces recycled rare earth oxides and critical minerals from end-of-life products through urban mining, returning them to the manufacturing supply chain.

Cyclic Materials will add metallization to its rare earth recovery platform, transforming rare earth oxides into the metallic form required for downstream alloy and permanent magnet manufacturing.

Cyclic Materials refines Mag-Xtract and other magnet production waste into rare earth oxides used in downstream metal, alloy and permanent magnet manufacturing.

This year’s list includes ventures that resurrect dead EV batteries, turn waste into fuel and capture carbon before it reaches the sky.

Cyclic Materials aims to support the electrification of society by providing a local supply of the materials required to power critical technologies.

Cyclic Materials is creating a circular supply chain for rare earth elements and other materials critical to electrification.

In recent years, the automotive recycling industry has faced a paradigm shift with the emergence of electric vehicles (EVs). This transformation has brought forth fresh challenges and introduced new recycling streams, altering the way end-of-life vehicles are managed.

Cyclic Materials completed its first magnet recycling pilot plant production run, generating engineering data for 2023 scale-up plans and producing high-quality magnet rare earth oxides.

Cyclic Materials, the advanced recycling company building a circular supply chain for rare earth elements (REEs) and other critical materials, welcomes Amazon’s Climate Pledge Fund as an investor to its Series B round, which was initially announced in September.

Together they will develop a Rare Earth circular supply chain, ensuring the sustainability of a quickly growing industry reliant on these materials.

Ontario-headquartered Cyclic Materials is actively sourcing hard discs from ITAD firms for its magnet extraction and rare earth processing operations. The company is planning to expand with multiple facilities in the U.S. and Canada in the coming years.

Cyclic Materials creates rare earth recycling solutions to reduce waste, strengthen supply chains, and drive innovation.

Adam represents the fourth generation as President of Manitoba Corporation, a non-ferrous metal recycling facility, and also leads Sunnking Inc., which specializes in ITAD and electronics recycling.

With dedication and a strong passion for a circular supply chain, Ahmad Ghahreman leads Cyclic’s vision to transform the rare earth elements market.

Alex Forstner, Chief Technology Officer at Cyclic Materials, holds degrees in Engineering Physics and an MBA, with a career focused on global energy transition and commodity markets.

Christophe Lautray brings over 30 years of experience scaling industrial tech and B2B companies, with expertise in commercializing innovation and building global sales organizations.

Cyclic Materials develops a circular supply chain to reuse critical materials like rare earths, supporting industrial supply chains and manufacturing ecosystems.

108 - 650 Cataraqui Woods Dr., Kingston, ON, K7P 2Y4

Cyclic Materials recovers rare earths from end-of-life products, building a secure and circular supply chain for materials that are critical to the global economy.

The company complies with privacy laws, including PIPEDA, to protect personal information.