Metals recycler Cyclic Materials plans to extend its reach in the U.S. and Europe while boosting its Canadian research footprint with a $75-million equity round (all figures US), the largest to date for the Toronto-based company.
Cyclic Materials has announced a US$25-million investment to develop a 140,000-square-foot facility in Kingston, Ont. that will host a commercial-scale magnet recycling unit and research and development labs focused on rare earth metals recycling.
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