Cyclic Materials To Invest More Than $82 Mln For Rare Earth Recycling Campus In South Carolina

Jan 29 (Reuters) - Cyclic Materials:

• CYCLIC MATERIALS: INVESTING MORE THAN $82 MILLION TO ESTABLISH RARE EARTH RECYCLING CAMPUS IN MCBEE, SOUTH CAROLINA

• CYCLIC MATERIALS: SITE CAN INITIALLY PRODUCE 600 TONNES OF MREO/YEAR, WITH PLANNED EXPANSION TO PRODUCE 1,800 TONNES

• CYCLIC MATERIALS: SOUTH CAROLINA CAMPUS OPERATIONS EXPECTED TO BEGIN IN 2028; TO BE SUPPORTED BY FEDERAL & STATE INCENTIVES

• CYCLIC MATERIALS: NEW SITE TO PROCESS 2,000 TONNES OF MAGNET MATERIAL, WITH PLANNED EXPANSION TO 6,000 TONNES PER YEAR