Strategic Materials
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CACanadaCanada Growth Fund

Cyclic Materials Inc.

Kingston Centre of Excellence for Rare Earth Recycling

CommitmentEquityPublic enterpriseContracted

fin-ca-cgf-cyclic-2026-equity

Reading this record

What the evidence says — and does not say

What kind of figure?
CommitmentMoney, or a money-like promise, committed to a named recipient or project. The only role ever summed.
What has happened legally?
ContractedA binding agreement has been executed. Not a payment, and not necessarily an obligation of funds: an agreement can leave that to a later step.
Has money been paid?
Follow the payment evidenceThis status does not itself establish a cash payment. In particular, a signed contract does not necessarily establish an obligation of funds.
What does it link to?
Project attributionOne registered project is linked directly to this row. The link alone does not prove the amount was paid or that the project advanced.

This is a commitment role, but the financial status still determines legal standing and payment. Funding and verified industrial outcomes remain separate. A financial record alone never independently verifies construction, commissioning or production. Read SMPT's counting and evidence rules.

Amount

USD25 million

As stated “US$25 million”

USD 25,000,000 · Exact · Currency stated in the source

Record

Provider
Canada Growth FundCanada Growth FundPublic financier
Legal authority
Not stated
Programme
None named
Recipient
Cyclic Materials Inc.Cyclic Materials IncorporatedCompany
Project
Kingston Centre of Excellence for Rare Earth RecyclingKingston Centre of Excellence for Rare Earth Recycling capital stack →
Facility
Not stated
Location
Kingston, OntarioCA
Stages
Processing, Recycling, Research and developmentSeveral stages, split not stated
Materials
Rare earth elements (grouped)Tracked materials only

Status

Financial and physical progress are separate histories. The last entry is current.

Financial

  1. Contractedcurrent

    The CGF release says it "has invested" US$25 million and describes the transaction as part of a Series C preferred-equity round. Recorded as a binding equity transaction, not as disbursed cash because no payment timing is stated.

    Canada Growth Fund

Implementation

  1. Constructioncurrent

    The release says Cyclic was "now constructing its first commercial-scale Hub in Kingston".

    Canada Growth Fund

Notes

CGF says the US$25 million supports expansion of the Kingston Centre of Excellence, Canadian R&D, execution of the first Hub and broader commercialization. The row links the named Kingston project because the source directly supports it, but the amount is not treated as exclusively allocated to construction or any single stage.

Evidence

Every populated field names the source that states it, how directly, and where.

  1. Canada Growth Fund Invests US$25 Million in Cyclic Materials to Strengthen Canada’s Rare Earth Supply Chain

    Canada Growth Fund

    Fields supported
    Instrument · Value role · Capital source · Amount · Provider · Recipient · Project · Location · Supply-chain stages · Materials · Status
    Evidence level
    Explicit
    Location in document
    Opening paragraphs; Transaction Highlights; company description
    Qualification
    The source identifies preferred equity, the public investor, Cyclic, the amount, Kingston Centre expansion/Hub, rare-earth recycling and processing, and current construction.
    View source dossier →