Grants and Contributions:
Title:
Cyclic Materials Hydrometallurgy Demonstration Plant
Agreement Number:
1029052
Agreement Value:
$1,000,451.55
Agreement Date:
Mar 4, 2025 - Jul 31, 2025
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.
Organization:
National Research Council Canada
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.
Location:
Toronto, Ontario, CA M5H 4A6
Reference Number:
172-2024-2025-Q4-1029052
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
773468707
Recipient Type:
For-profit organization
Additional Information:
This agreement has been amended 1 time(s). The end date of this agreements has been modified by 122 days.
Amendment Date
Jul 9, 2025
Recipient's Operating Name:
Cyclic Materials
Recipient's Legal Name:
Cyclic Materials Inc.
Federal Riding Name:
Spadina--Fort York
Federal Riding Number:
35101
Program:
Industrial Research Assistance Program – Clean Technology
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.
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.
NAICS Code:
33611
Amendments: