Cyclical Rarities

Arizona outfit announces funding boost for rare-earths investments in the U.S.

Cyclic Materials, the company building rare earth production infrastructure through circular supply chains, announced the completion of a USD $75 million strategic financing round August 27, which it says "reflects expanded commitments from existing investors and brings total equity funding to USD $237 million."

The capital will reportedly accelerate deployment of Cyclic Materials’ rare earth recycling campus in South Carolina and expansion of its Hub-and-Spoke infrastructure across the United States, increasing domestic production capacity for rare earths and critical minerals used across the AI, semiconductor, robotics, defense, automotive, medical, and other advanced manufacturing sectors.

The latest financing round is led by accounts advised by T. Rowe Price Associates, Inc., which first invested in Cyclic Materials in 2025. The round builds on strong commercial momentum, including the commissioning of Cyclic Materials’ first commercial Spoke in Arizona, advancement of its South Carolina integrated rare earth campus, expansion of strategic commercial partnerships, and the ongoing establishment of a resilient domestic rare earth supply chain. In addition, ERI, a recently announced strategic partner of Cyclic Materials, joined as a new strategic investor.