Contribution: Industrial Research Assistance Program – Clean Technology
Cyclic Materials Inc.
$1,000,451.55
Cyclic Materials Hydrometallurgy Demonstration Plant
FY 2024-25 · 2025-03-04
Summary
Cyclic Materials has developed a sustainable and scalable recycling technology that recovers rare earth magnets and circulates their valuable critical materials back into the economy, providing a domestic source to the fragile supply chain of these critical minerals. Cyclic Materials is helping the world transition to a more environmentally responsible future by helping businesses recycle, provide the market with a secure and regional supply of critical metals, and do so in an ethical, economic, and sustainable way.
Department
Program
Industrial Research Assistance Program – Clean Technology
Recipient
Location
Toronto|Toronto, Ontario, Canada
Recipient Type
For-profit organization
Business Number
773468707
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
Amendments
Each version of the agreement as published, oldest first, with its total as of that version. The amount above is the latest.
| Amendment | Date | Fiscal Year | Total |
|---|---|---|---|
| 0 | 2025-03-04 | 2024-25 | $1,000,451.55 |
| 3 | 2025-03-04 | 2024-25 | $1,000,451.55 |
As published
Additional Information
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 122 days.
Additional Information (French)
Cet accord a été modifié 1 fois La date de fin du présent accord a été changé de 122 jours.
Agreement End Date
2025-07-31
Agreement Number
1029052
Agreement Start Date
2025-03-04
Agreement Title
Cyclic Materials Hydrometallurgy Demonstration Plant
Agreement Title (French)
Usine de démonstration d'hydrométallurgie des matériaux cycliques
Agreement Type
Contribution
Agreement Value
$1,000,451.55
Amendment Date
2025-07-09
Amendment Number
3
Coverage
NRC-IRAP Clean Technology projects stimulate wealth creation for Canada through sustainable development technological innovation, while improving Canada’s environmental indicators related to greenhouse gas emissions (GCG), waste management, air quality or drinking water based on the types of sustainable development technologies that will be supported. |Les projets de technologies propres du PARI-CNRC stimulent la création de richesse pour le Canada grâce à l’innovation technologique en matière de développement durable, tout en améliorant les indicateurs environnementaux du Canada liés aux émissions de gaz à effet de serre (GES), à la gestion des déchets, à la qualité de l’air ou à l’eau potable en fonction des types de technologies de développement durable qui seront soutenues.
Description
Cyclic Materials has developed a sustainable and scalable recycling technology that recovers rare earth magnets and circulates their valuable critical materials back into the economy, providing a domestic source to the fragile supply chain of these critical minerals. Cyclic Materials is helping the world transition to a more environmentally responsible future by helping businesses recycle, provide the market with a secure and regional supply of critical metals, and do so in an ethical, economic, and sustainable way.
Description (French)
Cyclic Materials a mis au point une technologie de recyclage durable et évolutive qui récupère les aimants de terres rares et réintègre leurs précieux matériaux critiques dans l'économie, en fournissant une source nationale à la fragile chaîne d'approvisionnement de ces minéraux essentiels. Cyclic Materials contribue à la transition vers un avenir plus respectueux de l'environnement en aidant les entreprises à recycler, à fournir au marché un approvisionnement sûr et régional en métaux critiques, et ce de manière éthique, économique et durable.
Expected Results
The NRC-IRAP Clean Technology Program will support Canadian SMEs in the research and development of sustainable development technologies, up to their commercialization, with the potential to deliver economic and environmental outcomes.
Expected Results (French)
Le Programme Technologies propres du PARI-CNRC appuiera les PME canadiennes dans la recherche et le développement de technologies du développement durable, jusqu’à leur commercialisation, susceptibles de produire des résultats économiques et environnementaux.
Federal Riding
Spadina--Fort York
Federal Riding (French)
Spadina--Fort York
Federal Riding Number
35101
NAICS Code
33611
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Clean Technology
Program Name (French)
Programme d’aide à la recherche industrielle - Technologies propres
Program Purpose
The NRC-IRAP Clean Technology Program will support Canadian SMEs in the research and development of sustainable development technologies, up to their commercialization, with the potential to deliver economic and environmental outcomes.
Program Purpose (French)
Le Programme Technologies propres du PARI-CNRC appuiera les PME canadiennes dans la recherche et le développement de technologies du développement durable, jusqu’à leur commercialisation, susceptibles de produire des résultats économiques et environnementaux.
Recipient Business Number
773468707
Recipient City
Toronto|Toronto
Recipient Country
CA
Recipient Legal Name
Cyclic Materials Inc.
Recipient Operating Name
Cyclic Materials
Recipient Postal Code
M5H 4A6
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2024-2025-Q4-1029052
