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Cyclic Materials
Cyclic Materials is a Canadian materials-recycling company that recovers rare-earth elements, including neodymium and dysprosium, from end-of-life permanent magnets and other industrial waste. It supplies recycled critical materials to manufacturers and users of electric motors, wind turbines, electronics, and other magnet-based technologies.
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Cyclic Materials at a glance
Cyclic Materials is a metals recycling company headquartered in Canada. Its most recent funding round, Series B, raised $75M in January 2026. Xcout tracks 13 named people at Cyclic Materials, including Matt Cherevaty (COO). Xcout recorded 1 job posting from Cyclic Materials in the last 90 days.
Cyclic Materials leadership
- Matt CherevatyCOO
- Jeff DawleyCFO
- Alex ForstnerCTO
- Tomasz PoznarCCO
- Ahmad GhahremanCEO & Founder
- Susan B. GrandoneSVP, Capital Projects
7 more named people on record for Cyclic Materials, with roles, board committees and tenure — see the full roster →
Cyclic Materials funding rounds
Every round on record:
| Date | Round | Amount | Investors |
|---|---|---|---|
| Series B | $75M | 12 named | |
| Series B | $53M | 10 named |
Who invested in each round, lead investors, valuations and the co-investor graph — open the full funding history →
Hiring at Cyclic Materials
Xcout recorded 1 job posting from Cyclic Materials in the last 90 days, from a hiring record Xcout has kept since July 2026.
The weekly hiring trend, the roles and locations behind it — see Cyclic Materials's hiring signals →
Investors
Cyclic Materials competitors
A few of Cyclic Materials's closest competitors — see the full list of competitors and alternatives →
Nth Cycle Inc. is a pure-play critical mineral refining company headquartered in Burlington, Massachusetts. The company provides innovative refining technology aimed at filling critical gaps in the domestic supply chain for critical minerals.
Shift Rare Metals Inc., operating as Canada Rare Earth Corporation, is an essential minerals business focused on the rare earth industry. The company develops a vertically-integrated supply chain by acquiring and developing rare earth mines and proprietary projects, building processing refineries, and trading high-purity rare earth oxides, fluorides, and other mineral products to global manufacturers.
US Elemental Inc. (Elemental North America) processes, recovers, and refines strategic industrial and precious metals, specializing in catalytic converter recycling. The company serves scrap yards, suppliers, and industrial partners by managing the entire recycling, smelting, and refining process.
MagIron LLC processes historical mining waste into ultra-high-grade iron ore products, including direct reduction grade pellets and iron ore concentrate. The company serves the electric arc furnace (EAF) steel industry by supplying low-carbon iron units to support steel decarbonization efforts in the United States.
El Paso Minerals Corp. is a mineral exploration company developing the Frontera REE Project located in West Texas. The company focuses on securing a domestic source of heavy rare earth elements to support national strategic and critical mineral supply chains.
American Magnesium LLC produces and manages primary magnesium, operating as the largest producer of primary magnesium in North America. The company serves industrial markets by providing pure magnesium, magnesium alloys, and related chemicals through its refining, electrolysis, and recycling operations.
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More on Cyclic Materials in Xcout Intel
- 13 named people with titles, LinkedIn and board committees
- 2 funding rounds with the investors in each, and who they co-invest with
- Weekly hiring history and the mix of roles behind it
- The full competitor set, tracking, exports and API access