Cyclic Materials is putting Canada on the global cleantech map. The Toronto-based startup just landed on MIT Technology Review’s 2025 list of top 10 Climate Tech Companies to Watch—Canada’s sole representative.
Founded in 2021, Cyclic is tackling the rare earth recycling gap, where less than 1% of critical elements like Neodymium and Dysprosium are reused. The company is investing $34M to open a 140,000-square-foot recycling and R&D hub in Ontario by 2026. “We’re securing the most critical elements of the energy transition through circular innovation,” said CEO Ahmad Ghahreman.
Want to know more? Check out the source code on CleanEnergy.ca.