Cyclic Materials selects Chesterfield County for first East Coast operation

Over $82 million investment will create 90 highly skilled jobs

Cyclic Materials, a leader in recycling solutions for rare earth elements, has announced it selects Chesterfield County to establish the company’s first East Coast operation. The over $82 million investment will create 90 highly skilled jobs.

Headquartered in Toronto, Canada, Cyclic Materials uses innovative technology to source rare earth elements from end-of-life products, providing an environmentally sustainable supply chain alternative.

• The company’s new co-located processing and manufacturing facility, to be located in the Alligator Industrial Park in McBee, will produce copper, steel, aluminum and mixed rare earth oxide.

• Operations are expected to be online in 2028.

• Individuals interested in joining the Cyclic Materials team should visit the company’s careers page.

The Coordinating Council for Economic Development approved job development credits related to the project. The council also awarded a $500,000 Set-Aside grant to Chesterfield County to assist with the costs of building improvements.

“Our decision to invest in South Carolina reflects a deliberate strategy to grow a strong, interconnected U.S. recycling network. By expanding our footprint in the Southeast, we are positioning Cyclic Materials closer to partners, customers, talent and infrastructure that are critical for scaling secure and circular supply chains at a national level. The investment strengthens our ability to support American manufacturing, accelerate the commercialization of critical technologies, and build a more reliable and resilient domestic rare earths and critical metals ecosystem.” -Cyclic Materials CEO and Founder Ahmad Ghahreman

“Cyclic Materials’ new facility in Chesterfield County reflects the confidence companies have in South Carolina’s workforce and our ability to support advanced manufacturing. This over $82 million investment will bring jobs to the community and strengthen the local economy.” -Gov. Henry McMaster

“With the addition of 90 jobs, Cyclic Materials’ decision to establish operations in South Carolina is a testament to the outstanding economic development happening throughout our state. We look forward to the company’s future growth in Chesterfield County.” -Secretary of Commerce Harry M. Lightsey III

“Cyclic Materials’ decision to invest over $82 million and create 90 high-paying skilled jobs in McBee, marks a historic milestone for Chesterfield County and for rural South Carolina. By betting big on communities like ours, this investment — one of the largest manufacturing commitments in the county’s history — signals strong confidence in our workforce and long-term economic future. Its impact will extend far beyond McBee, driving job creation, attracting new investment, strengthening workforce development and building a more resilient economy for generations. We thank Cyclic Materials for believing in McBee and Chesterfield County.” -Chesterfield County Council Chairwoman Mary Anderson

FAST FACTS

• Cyclic Materials selects Chesterfield County to establish the company’s first East Coast operation.
• The company’s over $82 million investment will create 90 new jobs.
• Cyclic Materials is a leader in recycling solutions for rare earth elements and other critical minerals.
• This new Cyclic Materials’ Hub and Spoke campus will be located in the Alligator Industrial Park in McBee, S.C.
• Individuals interested in joining the Cyclic Materials team should visit the company’s careers page.

About S.C. Commerce

Welcome to South Carolina. The new headquarters of American innovation. As the state’s lead economic development agency, the South Carolina Department of Commerce (S.C. Commerce) works to recruit and support companies of all sizes in their quest to launch, expand and build a legacy. With proactive, strategic initiatives that help the agency create economic opportunities to increase choices for all South Carolinians, S.C. Commerce champions new and existing businesses and partnerships that fuel emerging and established industries alike. S.C. Commerce is the principal collaborator for SC NEXUS, a consortium of state leaders in government, utilities, higher education and other stakeholders exploring advanced energy. Recognized for its pro-business climate and policies that have attracted global brands and industry leaders, South Carolina is committed to maintaining the state’s long-term competitiveness while building a modern economy — one that is diverse, supporting businesses at every phase of their lifecycle – allowing people to live and work where they love. For more information, visit www.sccommerce.com.

About Cyclic Materials

Cyclic Materials, founded in 2021, is a cleantech company building a resilient supply chain for rare earth elements (REEs) and other critical materials through recycling of magnet-containing EOL. Its innovative technology transforms end-of-life products into valuable raw materials used in AI, robotics, defense and advanced manufacturing critical to the future of Western industry. With the success of its commercial demonstration, and first successful shipments of very high quality recycled Mixed Rare Earth Oxides (rMREO) to customers, the company is scaling its cutting-edge technology to recover REEs from permanent magnets, leveraging its proprietary MagCycle℠ and REEPure℠ processes to feed strategic industries with secure supply of recycled rMREO. Cyclic Materials is scaling its footprint across North America, Europe and Asia. With Mesa, Arizona hosting its first commercial scale Spoke facility, and Kingston, Ontario serving as a Center of Excellence with R&D facility and Hub hydrometallurgical site, the company is expanding its REE recycling infrastructure in the US to supply the surging demand for permanent magnets that power our modern world. In recognition of its pioneering work, the company was awarded as part of Top 10 Climate Tech Companies to Watch by MIT Tech Review in 2025, Fortune Change the World, Fast Company Most Innovative and Next Big Thing in Tech. Learn more at cyclicmaterials.earth.