Canadian rare earth recycler Cyclic Materials raises $75M to scale U.S. production

URLhttps://ktar.com/arizona-business/cyclic-materials
Sourcektar.com
Date Published08/31/2026

Additional Reshoring Information:

Company/Division name Cyclic Materials
Parent companyCyclic Materials
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2026
Domestically, the work will be done:In-house
Capital investment ($):75
Country(ies) from which reshored:Canada
City reshored to:Mesa
State(s) reshored to:AZ
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredrare earth materials recycling
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Infrastructure
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