Cyclic Materials and VAC Partner to Recycle Magnet Manufacturing By-products
VAC Awarded $111 Million Tax Credit for New Magnet Factory in USA, Makes Recycling Deal with Cyclic Materials
New Power Technology
April 11, 2024
On Friday, the Sustainable Development Technology Council (SDTC) of Canada announced Cyclic Materials was one of 17 Canadian companies to receive funding to assist in our scale-up.
Specifically, we received funding to scale the development of their proprietary technology, which recovers rare earth elements from magnetic waste, reducing landfill and boosting the domestic supply of these essential elements.
To learn more about the SDTC and other grant recipients, please visit their website.