Cyclic Materials Incorporated
Demonstration plant producing high-purity mixed rare earth oxide and a cobalt–nickel mixed hydroxide product from recycled materials
fin-ca-cmrdd-2024-cyclic-materials
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
As stated “Amount funded: $4,893,125”
CAD 4,893,125 · Exact · Currency read from the issuing government
Place in the money chain
A figure is never counted together with a figure it is part of or drawn from.
This row is part of
Stated by Natural Resources Canada · Opening paragraph
Record
- Provider
- Natural Resources Canada (Critical Minerals Research, Development and Demonstration program)Natural Resources CanadaGovernment body
- Legal authority
- Not stated
- Recipient
- Cyclic Materials IncorporatedCyclic Materials IncorporatedCompany
- Project
- Demonstration plant producing high-purity mixed rare earth oxide and a cobalt–nickel mixed hydroxide product from recycled materialsKingston Demonstration Plant capital stack →
- Facility
- Not stated
- Location
- Not stated
- Stages
- RecyclingSingle stage
- Materials
- Rare earth elements (grouped)CobaltNickelTracked materials only
Status
Financial and physical progress are separate histories. The last entry is current.
Financial
- Contractedcurrent
The Government of Canada disclosure records agreement CMRDD2-048 with an agreement period beginning 17 July 2024.
Government of Canada Open Government Portal / Natural Resources Canada
Implementation
- Completedcurrent
NRCan's funded-project page states that the Kingston Demonstration Plant – Extended Operations project was launched in 2024 and completed in March 2026. The exact completion day is not stated, so no date is invented.
Notes
The 4 September 2024 release publicized NRCan support; the official grants-and-contributions disclosure shows that agreement CMRDD2-048 was already in force from 17 July 2024 through 31 March 2026. NRCan's standing CMRDD page gives the exact C$4,893,125 funded amount and records the Kingston demonstration project as completed in March 2026. No payment timing is stated, so the financial lifecycle is not promoted beyond contracted.
Evidence
Every populated field names the source that states it, how directly, and where.
Government of Canada Supporting Critical Minerals Processing in Kingston
Natural Resources Canada
- Fields supported
- Instrument · Value role · Capital source · Provider · Recipient · Project · Related commitments · Supply-chain stages · Materials · Status · Programme
- Evidence level
- Explicit
- Location in document
- Paragraph on Cyclic Materials
Critical Minerals Research, Development and Demonstration Program
Natural Resources Canada
- Fields supported
- Amount · Status
- Evidence level
- Explicit
- Location in document
- Funded Projects: "Kingston Demonstration Plant – Extended Operations"
- Qualification
- The programme page lists the exact amount funded; the 2024 release rounds it to "$4.9 million". Currency read from the issuing government (a Canadian federal page printing "$").
Grant and contribution record — Kingston Demonstration Plant-Extended Operations
Government of Canada Open Government Portal / Natural Resources Canada
- Fields supported
- Status
- Evidence level
- Explicit
- Location in document
- Agreement number CMRDD2-048; Agreement Date
- Qualification
- Official grant disclosure establishes the binding agreement and its 17 July 2024 start date.
| Source | Fields supported | Evidence level | Location |
|---|---|---|---|
| Government of Canada Supporting Critical Minerals Processing in Kingston Natural Resources Canada · Source dossier |
| Explicit | Paragraph on Cyclic Materials |
| Critical Minerals Research, Development and Demonstration Program Natural Resources Canada · Source dossier |
| Explicit The programme page lists the exact amount funded; the 2024 release rounds it to "$4.9 million". Currency read from the issuing government (a Canadian federal page printing "$"). | Funded Projects: "Kingston Demonstration Plant – Extended Operations" |
| Grant and contribution record — Kingston Demonstration Plant-Extended Operations Government of Canada Open Government Portal / Natural Resources Canada · Source dossier |
| Explicit Official grant disclosure establishes the binding agreement and its 17 July 2024 start date. | Agreement number CMRDD2-048; Agreement Date |