ERI, the nation’s leading material resource recovery, ITAD, mobility and data destruction/processing provider and recycler of electronics, has become a strategic investor in Cyclic Materials, an advanced recycling company creating a circular supply chain for rare earth elements and other critical materials.
The investment marks the first time a recycling company has invested in a rare earths downstream partner and further expands the companies’ strategic partnership announced this past July. The collaboration combines ERI’s global collection and pre-processing network with Cyclic Materials’ proprietary MagCycle and REEPure technologies and commercial processing infrastructure, with rare earth-bearing feedstock generated through ERI’s global operations to be delivered exclusively to Cyclic for rare earth recovery and processing. Together, the companies are creating a scalable pathway to recover rare earth elements from end-of-life products and return them to the supply chain, supporting a secure, domestic and circular supply of critical materials.
ERI, which recycles more than one million pounds of electronic waste every day, will leverage its global collection network and eight U.S.-based recycling centers to identify and aggregate rare earth-bearing materials for delivery to Cyclic Materials.
Cyclic will use its proprietary technologies and commercial infrastructure to recover and process the contained rare earth elements for reuse in the domestic supply chain. The combination of ERI’s extensive sourcing reach and Cyclic’s specialized rare earth recovery technologies creates an integrated pathway for capturing rare earth value that has historically been lost and can now be recovered at commercial scale using Cyclic’s proprietary technology.
ERI’s investment coincides with Cyclic’s recent completion of a $75 million strategic financing round, reflecting expanded commitments from existing investors and bringing its total equity funding to $237 million. The capital raised is intended to accelerate deployment of Cyclic Materials’ rare earth recycling campus in South Carolina and expansion of its Hub-and-Spoke infrastructure across the United States, increasing domestic production capacity for rare earths and critical minerals, an important ingredient across the AI, semiconductor, robotics, defense, automotive, medical and other advanced manufacturing sectors.
“Together with John Shegerian’s team at ERI, we are building a new domestic source of rare earths by recovering valuable materials already in circulation and returning them to the supply chain, which derisks foreign trade tensions, increases supply chain resilience, and strengthens national security,” said Ahmad Ghahreman, chief executive officer and founder of Cyclic Materials. “ERI’s investment further strengthens a partnership that combines their extraordinary sourcing reach with Cyclic’s rare earth recovery technologies and infrastructure. We are excited to continue scaling this together.”
Published November 2026
