Kingston Centre of Excellence for Rare Earth Recycling
Kingston, Ontario
prj-ca-cyclic-kingston-centre-of-excellence
What does the record establish?
The Centre of Excellence is separate from the earlier Kingston Demonstration Plant recorded as prj-ca-cyclic-kingston-demonstration-plant. The June 2025 company announcement describes the commercial-scale Hub and R&D facility; the January 2026 CGF source says that Hub was then under construction.
Financial standing
3 directly linked instruments. Recorded financial states: Contracted; Decided. A commitment, a payment and a project cost remain separate.
Inspect instruments and termsLegal and policy context
3 parent policy records; 0 project designations. Designation confers standing, not finance. Material and stage overlaps with controls do not establish a restriction on this project.
Read the policy recordsIndustrial evidence
No source-reviewed project milestone is published in this corpus. Financing records may still contain attributed activity reports; this gap does not establish inactivity.
See evidence gapsFinancial evidence and chronology
Each instrument keeps its own financial history. These dates describe financial states, not construction or production. Amounts are the current recorded terms, not historical amounts at every date below.
Equity · Canada Growth FundUS$25 million · Contracted · Commitment
- Provider organizations
- Canada Growth Fund
- Recipient
- Cyclic Materials Inc.Cyclic Materials Incorporated
- Legal authority as stated
- Not stated in this financial record
· Contracted
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
No additional structured terms are recorded. See the full instrument for its evidence and qualifications.
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.
Full financial instrument, conditions and field-level evidenceInstrument not specified · Federal Economic Development Agency for Southern Ontario$5,000,000.00 · Contracted · Commitment
- Provider organizations
- Federal Economic Development Agency for Southern Ontario
- Recipient
- Cyclic Materials Inc.Cyclic Materials Incorporated
- Legal authority as stated
- Not stated in this financial record
· Contracted
The federal disclosure provides an agreement number, agreement value and agreement period beginning 1 September 2025.
Government of Canada Open Government Portal
No additional structured terms are recorded. See the full instrument for its evidence and qualifications.
The Government of Canada disclosure records Agreement 1019177 under FedDev Ontario's Business Scale-up and Productivity program. The agreement runs through 30 September 2028. Because the disclosure says only "Contribution", the tracker does not assume grant/non-repayable treatment.
Full financial instrument, conditions and field-level evidenceGrant · Natural Resources Canada (Global Partnerships Initiative)up to $9.1 million · Decided · Commitment
- Provider organizations
- Natural Resources Canada
- Recipient
- Cyclic Materials Inc.Cyclic Materials Incorporated
- Legal authority as stated
- Not stated in this financial record
· Decided
The backgrounder calls the investment "conditionally approved". It is therefore recorded as decided, not contracted.
Natural Resources Canada
No additional structured terms are recorded. See the full instrument for its evidence and qualifications.
A current GPI programme page now lists Cyclic among funded projects, but it does not publish an executed agreement date for this award. The financial lifecycle therefore remains at the March 2 conditionally approved/decided stage rather than being promoted to contracted.
Full financial instrument, conditions and field-level evidenceCapital stack
One layer per value role. Only committed public money, and joint-vehicle money apart from it, is summed, per currency; everything else is listed. There is no total across layers.
Public commitments
3 rows · summed per currencyCommitted to a recipient by a government or public enterprise, at the status each row states. A contracted, partially disbursed or disbursed row is binding because an agreement is executed; payment is tracked separately by status. A contracted row need not mean funds are obligated or paid, and a partially disbursed row is not fully paid. Summed per currency and per instrument, never across either; a part is never added to its package.
CAD
Grant1 row
Not yet binding
- Up to
- 9.1 million
Instrument not specified1 row
Listed, not summed: the sources name no instrument the tracker's vocabulary covers.
2 counted
USD
Equity1 row
Binding
- Stated exactly
- 25 million
1 counted
Cyclic Materials Inc.
USD25 millionKingston Centre of Excellence for Rare Earth Recycling
Cyclic Materials Inc.
CAD5 millionKingston Centre of Excellence for Rare Earth Recycling
Cyclic Materials Inc.
up toCAD9.1 millionKingston Centre of Excellence for Rare Earth Recycling
Source-reviewed industrial observations
No source-reviewed project milestone is published for this undertaking. Any financing-row activity reports below remain attributed observations, not independently reviewed project milestones. Missing evidence does not establish inactivity.
Policy context
These records directly parent the project's finance or designation entries. Their presence does not establish a causal effect on industrial activity.
20 Jan 2026 · Active
Canada Growth Fund invests US$25 million in Cyclic Materials to strengthen Canada’s rare-earth supply chain
Canada Growth Fund
1 Sep 2025 · Active
FedDev Ontario contribution agreement 1019177 with Cyclic Materials
Federal Economic Development Agency for Southern Ontario
2 Mar 2026 · Active
Canada announces second round of Critical Minerals Production Alliance partnerships and investments
Natural Resources Canada
Control clauses on the same materials and stages
Clauses whose covered items share a material and a supply-chain stage with this project, with their legal status on 3 Nov 2026. An overlap of items, not a finding that the project is affected.
Record
- Sponsors
- Cyclic Materials IncorporatedCompany
- Location
- Kingston, OntarioCA
- Stages
- Separation, Processing, Recycling, Research and development
- Materials
- Rare earth elements (grouped)Tracked materials only
- Programmes
- None recorded
- Latest financing-row activity report
- Construction20 Jan 2026Canada Growth Fund
What remains unknown
Gaps describe the available SMPT record. They do not establish that an activity did not occur.
- No project-native source-reviewed industrial milestone is published. Attributed activity in financing histories remains a separate evidence class; no exact milestone date or facility-wide conclusion is inferred.
- Historical amount review is incomplete. Current amounts cannot be read as a time series of earlier commitments.
- Structural links and shared materials do not demonstrate that a government measure caused an industrial outcome.
Evidence
Every project fact names the source that states it.
Cyclic Materials
- Fields supported
- Name · Sponsors · Location · Supply-chain stages · Materials
- Evidence level
- Explicit
- Location in document
- Announcement body; A Strategic Facility Serving a Circular Future
- Qualification
- Cyclic describes a Kingston Centre of Excellence combining its first commercial rare-earth recovery Hub with R&D. The facility processes magnet-rich end-of-life feedstock into recycled mixed rare-earth oxide.
Global Partnerships Initiative
Natural Resources Canada
- Fields supported
- Supply-chain stages · Materials
- Evidence level
- Explicit
- Location in document
- GPI funded projects — Contribution funding — Cyclic Materials Inc.
- Qualification
- NRCan says the project advances rare-earth processing, separation and metallization technologies using end-of-life materials; recycling, processing and separation are represented directly in the tracker taxonomy.
| Source | Fields supported | Evidence level | Location |
|---|---|---|---|
| Cyclic Materials Announces USD $25M Investment to Establish Centre of Excellence for Rare Earth Recycling in Kingston, Ontario Cyclic Materials · Source dossier |
| Explicit Cyclic describes a Kingston Centre of Excellence combining its first commercial rare-earth recovery Hub with R&D. The facility processes magnet-rich end-of-life feedstock into recycled mixed rare-earth oxide. | Announcement body; A Strategic Facility Serving a Circular Future |
| Global Partnerships Initiative Natural Resources Canada · Source dossier |
| Explicit NRCan says the project advances rare-earth processing, separation and metallization technologies using end-of-life materials; recycling, processing and separation are represented directly in the tracker taxonomy. | GPI funded projects — Contribution funding — Cyclic Materials Inc. |
For citations, open a parent policy record for BibTeX, RIS and CSL formats. Cite original documents for claims about government action.
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