Strategic Materials
Policy Tracker
CACanadaCanada Growth Fund

Canada Growth Fund invests US$25 million in Cyclic Materials to strengthen Canada’s rare-earth supply chain

ActiveFunding or subsidySupply-chain security measure

Summary

Canada Growth Fund announced a US$25 million investment in Cyclic Materials as part of a US$75 million Series C preferred-equity round. The investment supports expansion of Cyclic's Kingston Centre of Excellence, Canadian R&D, execution of its first commercial Hub and broader commercialization of rare-earth recycling technology.

Analytical significance

Adds a direct public-equity instrument to Canada's rare-earth recycling response and shows public support moving beyond demonstration funding into commercial-scale processing infrastructure. The source also places the Kingston Hub in construction at the time of the transaction.

Instruments in this event

The separate financial commitments and control clauses this announcement contains, each with its own status history and evidence.

Framing anchors

Official framing, classified only from quoted passages.

Framing: Not yet coded. No framing category is assigned because this record does not yet carry a verified quoted passage from the primary source. Per the methodology, a framing label is never inferred from context alone.

Affected materials

Rare earth elements (grouped)稀土元素

Related events

Events touching the same materials.

EUCommission Decision recognising 46 critical raw material projects in the EU as Strategic Projects under the Critical Raw Materials ActJPCertification of Santoku's critical-minerals supply-assurance plan for rare earths under the Economic Security Promotion ActJPEstablishment of a Special Purpose Company for Heavy Rare Earth Development in the Republic of Namibia and Investment by JOGMECJPCertification of Shin-Etsu Chemical's critical-minerals supply-assurance plan for rare earths under the Economic Security Promotion ActCAGovernment of Canada invests to unlock Canada’s critical minerals advantage (PDAC 2026 funding announcement)CACanada announces second round of Critical Minerals Production Alliance partnerships and investments

Sources (1)

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

Primary source

Canada Growth Fund

OfficialenPublished 23 Jan 2026Accessed 2 Oct 2026

Canada Growth Fund press release. The page is dated 23 January 2026 and carries a Kingston dateline of 20 January 2026. It states that CGF invested US$25 million in Cyclic Materials as part of a US$75 million Series C preferred-equity round, supporting expansion of the Kingston Centre of Excellence, Canadian R&D, the first commercial Hub and broader commercialization. It also states that Cyclic was then constructing its first commercial-scale Hub in Kingston.

Open original document ↗

https://www.cgf-fcc.ca/en/news/canada-growth-fund-invests-us-25-million-in-cyclic-materials-to-strengthen-canadas-rare-earth-supply-chain/

View citing records →

Citation

Cite this record

This cites the record — the project's coding of the instrument. For a claim about what a government actually did, cite the primary document itself; the sources above carry the canonical URLs.

Strategic Materials Policy Tracker. "Canada Growth Fund invests US$25 million in Cyclic Materials to strengthen Canada’s rare-earth supply chain." Record evt-ca-cgf-cyclic-2026, 2026-01-20. https://strategic-materials-policy-tracker.vercel.app/events/evt-ca-cgf-cyclic-2026

Whole corpus:BibTeXRISCSL-JSONJSON