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Cyclic Materials competitors & alternatives
The 12 closest competitors and alternatives to Cyclic Materials among metals recycling companies — ranked by similarity to what Cyclic Materials actually does, not by market-cap band.
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About 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.
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 →
Top 12 Cyclic Materials competitors
Ranked by semantic similarity — how close each company is to Cyclic Materials by what it does, using Xcout's live company graph. Click any company for its full profile, or its competitor set.
Metals and Mining
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.
Mining & Metals
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.
Metal Recycling & Refining
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.
Mining & Metals
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.
Mining & Metals
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.
Mining & Metals
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.
Mining & Metals
U.S. Critical Materials Corp. is a mineral exploration and development company that focuses on acquiring and advancing domestic rare earth and critical mineral deposits. Its flagship project is the Sheep Creek deposit in Montana, which yields high-grade rare earth elements and gallium to support national security, defense, and advanced technology supply chains.
Metal Recovery & Hydrometallurgy
Praxis Recupera develops proprietary hydrometallurgical processes to recover high-value metals, such as zinc, lead, and iron, from electric arc furnace dust and other industrial residual streams. The company provides site-specific pilot programs and commercial scale-up partnerships tailored for steel producers.
Mining & Metals
Revex operates as a domestic midstream processing platform that converts mine tailings and recycled lithium-ion batteries into critical mineral intermediates like nickel and cobalt. The company serves mining companies, mineral refiners, and industrial customers to support U.S. critical mineral independence and supply chains.
Mining and Metals
Phoenix Tailings, Inc. is a clean tech mining and metals production company focused on redefining the industry and advancing rare earth refining.
Mining & Metals
Torngat Metals Ltd is a private company based in Montreal, Canada, working to develop the Strange Lake Rare Earth Project.
Mining & Metals
Axion Minerals Corp. (operating as Axion Metals Ltd.) is a Canadian critical minerals trading company that connects producers of nickel, copper, cobalt, niobium, and selenium with industrial buyers in India, East Africa, and the Asia-Pacific region. The company acts as a principal trader, managing end-to-end transactions including commercial negotiations, export documentation, freight coordination, and quality assaying.
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