New partnership to advance copper recycling for energy transition needs.

As the need for reliable sources of critical materials continues to grow, Cyclic Materials Inc. has secured a multi-year agreement with global mining leader Glencore to supply recycled copper, bolstering efforts to strengthen circularity and support the growing demand for sustainable, domestically sourced materials essential to the energy transition.

Rapidly positioning itself as a leader in advanced metals recycling, Cyclic Materials has developed proprietary technologies capable of recovering rare earth elements, copper, nickel, and other critical materials from end-of-life products.

By partnering with others in industry, such as Solvay, SYNETIQ, and Vattenfall, the Canada-based company is advancing a circular supply chain to meet the growing demand for materials central to the clean energy transition.

This effort is powered by the company's Mag-Xtract and REEPure technologies, which enable the extraction and refining of essential elements used in electric vehicles, wind turbines, and data center electronics.

Building on its momentum of strategic partnerships, Cyclic Materials continues to expand its role in creating a sustainable supply chain for critical materials.

Leveraging its proven capabilities in recovering rare earths and other essential metals, the company's latest agreement marks a significant step into copper circularity – an increasingly vital component of the energy transition. This multi-year partnership with global natural resources giant Glencore underscores the growing demand for recycled materials and highlights Cyclic's ability to deliver high-quality products to industry leaders.

"We are excited to be partnering with Glencore on the recycling of copper materials," said Cyclic Materials CEO Ahmad Ghahreman. "This is a significant milestone in establishing key partners to purchase our recycled materials and close the loop for all critical materials we will produce."

Under the terms of the agreement, Cyclic will provide high-quality copper, which will be extracted and processed from recycled electronic scrap from its various spoke facilities in North America.

From there, Glencore will further process and refine the copper at the Horne Smelter and Canadian Copper Refinery into copper cathodes that can be reused in new end-products.

"We're eager to further partner with Glencore and expand our offtake agreements for the primary materials we will recover, prior to ramping up our operations to global commercial scale, opening new facilities in the US and in Europe to better serve our partners where they are," said Ghahreman.

This latest agreement exemplifies how strategic partnerships can enhance material circularity, combining Cyclic Materials' ability to recover copper from recycled electronic scrap with Glencore's refining infrastructure to produce copper cathode for reuse in new products.

"We share Cyclic Materials' vision to create a circular supply chain for the materials required for the energy transition," said Kunal Sinha, global head of recycling at Glencore. "Adding Cyclic Materials as a partner broadens the scope of our recycling activities in this field as we will now receive copper materials from electric motors, in addition to other metals we already recycle such as battery materials."

By recycling copper from electronic waste and industrial byproducts, this partnership aims to reduce the environmental footprint of traditional mining and unlock the untapped value of discarded consumer goods, providing a sustainable, localized supply of materials essential to the energy transition.

"We see Cyclic Materials filling a critical gap in the market with their focus on rare earth recovery, a much-needed solution to further drive sustainability in critical materials," said Sinha.