Cyclic Materials, based in Kingston, says it will use the new funding to begin expanding operations and partnerships into the U.S. and Europe
Cyclic’s deal with Solvay validates its new Ontario plant’s market potential, while SRC’s rare earth sourcing deal with Vital Metals is a win for Canada over China
The new plant will help Cyclic scale up its technologies en route to building a full commercial plant with eight times greater capacity by 2025
The Kingston Ont.-based rare earth elements recycler will use the funding to scale up its capacity, creating a hub-and-spoke network for commercial operations
