by
Gus Iversen, Editor in Chief | February 02, 2026
Cyclic Materials plans to invest more than $82 million to build a new rare earth recycling campus in McBee, South Carolina, expanding its U.S. footprint for domestic recovery of critical materials.
The facility will be the company’s largest to date and is expected to begin operations in 2028.
The Ontario-based company said the site will include both a spoke and a hub facility, combining to process up to 2,000 metric tons of end-of-life magnet materials annually. A phased expansion will increase capacity to 6,000 metric tons per year. The site is expected to initially produce 600 metric tons of mixed rare earth oxides (MREO) annually, with the potential to scale to 1,800 metric tons, enough to supply material equivalent to 6 million hybrid vehicle transmissions, according to the company.
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Cyclic Materials uses its proprietary MagCycle and REEPure processes to extract rare earths from products that are typically not recycled, such as motors from electric vehicles, wind turbines, and industrial electronics. The South Carolina facility will focus particularly on heavy rare earth elements, which are considered critical to defense and clean energy supply chains.
The announcement follows a 10-year recycling agreement with VACUUMSCHMELZE (VAC), a magnetic materials manufacturer whose new Sumter, South Carolina facility began operations in late 2025. Under the deal, Cyclic will recycle 100% of magnet byproducts from VAC’s production line.
“Announcing the opening of our second U.S. recycling site in South Carolina is a major milestone and a clear signal of our long-term commitment to building resilient, domestic critical minerals infrastructure in the U.S.,” said Ahmad Ghahreman, CEO and founder of Cyclic Materials.
The project is expected to create over 90 skilled jobs and is backed by federal and state incentives. South Carolina Governor Henry McMaster said the investment reflects confidence in the state’s manufacturing workforce and local economic potential.
Cyclic Materials was founded in 2021 and recently raised $75 million in a Series C funding round led by T. Rowe Price.
