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Tech Giants Fund $25M Rare-Earths Recycling Plant

6/12/2025

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Summary

Story summary

Cyclic Materials, backed by tech giants Amazon and Microsoft, is set to invest $25 million in a groundbreaking rare-earths recycling plant and research center in Kingston, Ontario. This innovative facility aims to reclaim valuable rare earths from discarded items such as wind turbines and hard drives, building on Cyclic's existing demonstration site in the area.

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Story summary

Cyclic Materials, backed by tech giants Amazon and Microsoft, is set to invest $25 million in a groundbreaking rare-earths recycling plant and research center in Kingston, Ontario. This innovative facility aims to reclaim valuable rare earths from discarded items such as wind turbines and hard drives, building on Cyclic's existing demonstration site in the area.