🤯 ℝ𝕒𝕣𝕖 𝕖𝕒𝕣𝕥𝕙 𝕖𝕝𝕖𝕞𝕖𝕟𝕥𝕤 move through a 50,000 mile supply chain (= 2x 🌍circumference and almost entirely in geopolitically complicated regions) before the final product reaches consumers in the West. Think: every computer, EV, turbine, and even washing machines — not to mention AI data centers, drones, and humanoid robotics of the future. That’s why we are backing Cyclic Materials and Ahmad for the second time in two years — to help bring much-needed innovation and resiliency to REE supply chain and recycling infrastructure (which is still near-zero at scale today.) Congrats to the entire Cyclic team for successfully completing the Series C raise! 🚀
Cyclic Materials is thrilled to announce the closing of its oversubscribed USD $75M #SeriesC equity round, a major milestone in our mission to build a secure and domestic supply chain for #RareEarthElements. From AI and robotics to EVs, defense and other critical industries, the need for a resilient source of #RareEarths and #CriticalMinerals has never been more crucial. As demand grows rapidly, industries and global players are turning to #RareEarthRecycling as an alternative to mining—a faster, lower-risk path to secure long-term supply, particularly for heavy rare earths, critical for high-performance permanent magnets. This round was led by accounts advised by T. Rowe Price alongside continued support from existing shareholders and additional participation from Canada Growth Fund (CGF). This support reflects growing confidence in Cyclic Materials’ technology, vision, and ability to scale impact globally. With this investment, we will accelerate the deployment of our recycling technology, expand operations, and help secure resilient supply for the REEs that are critical to the future of Western industry. Read the full announcement here : https://lnkd.in/etMg8d9x