Cyclic Materials raises $75M Series C for rare-earth recycling
Cyclic Materials raised a $75 million Series C to expand rare-earth recycling infrastructure for magnet supply chains serving AI, robotics, defense and advanced manufacturing.
Verified eventCyclic MaterialsJan 23, 2026
Evidence notes
- Accounts advised by T. Rowe Price led the oversubscribed Series C, with Canada Growth Fund participating.
- Cyclic Materials said the capital would expand rare-earth recycling infrastructure across the United States and Europe.
- The company said total equity funding surpassed USD $162 million after the round.