Could you provide more details about the technology developed by Cyclic Materials for recycling REEs and other critical battery materials? What makes it unique and innovative compared to existing recycling methods?

"Cyclic Materials CEO Ahmed Ghahreman: Cyclic Material's patent-pending advanced metals recycling technology takes end-of-life consumer products and produces high-quality REEs and other critical materials for developing batteries, electric motors, and other products critical to modern life. We have two proprietary technologies. The first, Mag-Xtract, separates magnets and extracts critical metals (such as copper, aluminum, and steel) from end-of-life (EOL) products. The second is a Hydrometallurgy technology that recovers REEs from the reclaimed magnets. Our technology is unique because it is both magnet-agnostic and the first in the world to produce mixed rare earth oxide from recycled products.

We are also the only advanced metals recycling company with a holistic view of the magnet supply chain, from EOL products to raw materials for magnet manufacturing. Unlike most of our competition, we believe we should isolate and recycle magnets from EOL products rather than just process already isolated magnets. The latter group is only a very small portion of the market."