Cyclic Material’s Ahmad Ghahreman on Recycling Rare Earths from Magnets

In a recent InvestorNews interview with host Tracy Hughes, Ahmad Ghahreman, President, CEO, and Co-Founder of Cyclic Materials Inc., discussed the company’s strategic partnership with Microsoft and the significance of their investment through Microsoft’s Climate Innovation Fund. Ghahreman highlighted the necessity for tech companies to meet increasing data demands and how Cyclic Materials contributes by recovering rare earth magnets from hard disk drives, thus aiding Microsoft’s goal to become zero waste by 2030. He stated, “Our technology basically recovers magnets from those hard disk drives, which is for the very first time ever being done in larger scale.” This partnership marks a pivotal step in the circular economy approach, supporting sustainable technology advancements. Ghahreman also provided insights into Cyclic Materials’ innovative technologies and their Kingston-based Hub100 plant. The Hub100 plant utilizes Cyclic’s proprietary REEPure™ technology to transform end-of-life products into high-quality mixed rare earth oxide (rMREO), essential for manufacturing new magnets. Additionally, Ghahreman emphasized the importance of partnerships with companies like Solvay and Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF) to expand their footprint and capabilities. “We are excited to partner with [Solvay] for our future plans in Europe… [and] Ucore has plans to build further footprint in North America,” he explained. These collaborations, along with the Microsoft deal, underscore Cyclic Materials’ role in developing a sustainable supply chain for critical materials, pivotal for the energy transition. Ghahreman will be the keynote speaker on Thursday, August 22, 2024, at 9:10 AM, at the Critical Minerals Institute (CMI) Summit III, addressing the politics of the critical minerals market.