Fenwick Represents Cyclic Materials in $75M Series C Funding

Fenwick represented Cyclic Materials, a company that focuses on recycling rare earth magnets and other critical materials, in its $75 million Series C funding. The round was led by accounts advised by T. Rowe Price Associates Inc. with participation from existing shareholders and additional participation from the Canada Growth Fund.

Cyclic Materials will use the funds to fuel the ongoing rapid expansion of rare earths recycling infrastructure across the United States. More information can be obtained from the company announcement.

The Fenwick transaction team was led by corporate partners Alan Smith and Fei Xu and included associates Anja Kong, Max Krinsky, and Connor Haney.