Full profile interview: IDTechEx Index
18 Nov 2025

Neo Magnequench (Neo Performance Materials)
Update: Partners
17 Nov 2025

Vacuumschmelze
Cyclic Materials is a rare earth magnet recycler founded in 2021 and based in Ontario, Canada. Cyclic Materials recovers rare earth oxides from end-of-life magnets using patented Mag-Cycle℠ and REEPure℠ technologies - a hydrometallurgical extraction process. Rare earth magnets are sourced from manufacturing scrap (swarf), EV rotors, wind turbine generators, and electronics waste.
Update: Competitors
14 Nov 2025

Noveon Magnetics
HyProMag is a spin-out from the University of Birmingham, founded in 2018 and commercializing short-loop NdFeB magnet recycling. HyProMag uses patented hydrogen-processing technology to separate valuable rare earth alloys as powders from waste material, which it subsequently reprocessed to form new NdFeB magnets.
Full profile interview: Company Financials
23 Jun 2025

Garner Products
Update interview
2 May 2025

HyProMag
HyProMag is a spin-out from the University of Birmingham, founded in 2018 and commercializing short-loop NdFeB magnet recycling. HyProMag uses patented hydrogen-processing technology to separate valuable rare earth alloys as powders from waste material, which it subsequently reprocessed to form new NdFeB magnets. IDTechEx spoke with Abeshaa Mahendran, Metallurgist at HyProMag.
Included are:
Full profile interview: Company financials
25 Apr 2025

REETec
Full profile interview: Company financials
14 Apr 2025

Rare Earth Technologies Inc. (RETi)
Full profile interview: Company financials
5 Apr 2025

Ionic Rare Earths
Background: Company financials
22 Nov 2024

ReElement Technologies
Update interview: SWOT analysis
26 Jul 2024

Ionic Technologies
Full profile interview
10 May 2024

HyProMag Ltd
HyProMag are a spin-out from the University of Birmingham, founded in 2018 and commercializing short-loop NdFeB magnet recycling. HyProMag use patented hydrogen-processing technology to separate valuable rare-earth alloys as powders from waste material, which they subsequently reprocess to form new NdFeB magnets. IDTechEx spoke with Dr Robert Arnold, Director of HyProMag, at the Materials Research Exchange 2024 conference in London, UK.
Included are:
Full profile interview: Company financials
3 May 2024

Noveon Magnetics
US$25M series A in 2016 as Urban Mining Company; US$75M series B in 2023 as Noveon Magnetics, led by NGP and Aventurine Partners.
Full profile interview: SWOT
19 Apr 2024

Carester (Caremag)