What Happened
Rare Earth Recycling Expansion Gets Major Funding Boost
Cyclic Materials has finalized a $75 million strategic funding round to accelerate the construction of its rare earth recycling campus in South Carolina and expand its Hub-and-Spoke network across the US. The investment, led by T. Rowe Price Associates, Inc., aims to boost domestic output of rare earths and critical minerals for industries including AI, semiconductors, and defense. This development was reported by Mining.com on August 27, 2026.