Cyclic’s deal with Solvay validates its new Ontario plant’s market potential, while SRC’s rare earth sourcing deal with Vital Metals is a win for Canada over China
The new plant will help Cyclic scale up its technologies en route to building a full commercial plant with eight times greater capacity by 2025
The Kingston Ont.-based rare earth elements recycler will use the funding to scale up its capacity, creating a hub-and-spoke network for commercial operations