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Cyclic Materials has secured $75 million in Series C funding to expand its rare earth recycling operations in North America and Europe, bringing total equity funding to over $162 million. The investment, led by T.

Rowe Price Associates and supported by the Canada Growth Fund, will enhance the company's infrastructure and R&D efforts, including a new Center of Excellence in Ontario and a Spoke project in Arizona. The initiative aims to meet rising demand from sectors like AI and defense while promoting environmentally sustainable practices.