Toronto-based recycling company Cyclic Materials has chosen Mesa, Ariz. to house its first commercial-scale facility, where it will invest over US$20 million to separate valuable rare earth metals from magnets inside electronics.
A US$53-million Series B fundraise (approximately C$71.8 million) will set the stage for the expansion of Toronto-based Cyclic Materials’ rare earth metals recycling infrastructure into the U.S. and Europe.
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