June 02, 2023

CRITICAL MATERIALS RECYCLING, INC. Joins the Global Rare Earth Industry Association

REIA is pleased to report that the rare-earths recycling developer has become a member of the global association that is committed to creating a safe and innovative rare-earth industry.

CMR is a rare-earth recycling company based in Boone, Iowa, USA. The company produces rare-earth oxides from recycled feedstocks such as e-wastes, end-of-life electric and hybrid vehicles, and magnet swarf.

Daniel Bina, CEO at CMR, commented, “We are excited to be joining REIA and the foundational group that has been assembled. As we move into the exciting future of the rare-earth industry, company collaborations and partnerships will be vital to the success of the market. CMR is motivated to join that effort with REIA”.

Dr. Badrinath Veluri, President of REIA, commented, “We are very pleased to welcome CMR to the association, as our newest member. The company’s focus on recycling is a critical component of a circular economy for rare earths. We look forward to working with them and to building a strong partnership”.

About Critical Materials Recycling, Inc.

Critical Materials Recycling, Inc. founded in 2021 and located in Boone, Iowa, USA, produces rare-earth oxides from recycled feedstocks. The company’s flagship, patented technology, the acid-free dissolution recycling (ADR) process, recovers the rare-earth elements from dilute e-waste streams, such as shredded hard-disk drives etc., as well as concentrated sources such as magnet swarf. The ADR process, invented at the Critical Materials Institute, Ames National Laboratory, was licensed to TdVib, LLC, who founded CMR to commercialize the technology. ADR is unique in that pure magnets are not required for the efficient and economic recovery of the REEs contained in the feedstock, due to selective leaching. Shredded HDDs, for example, do not require any pre-separation of the magnet material in order to recover 90+% of the REEs contained within the HDDs. Additionally, the remaining components can continue through the standard recycling / recovery process for other metals, including gold, platinum, and copper. Likewise, battery and hybrid electric-vehicle motors do not require disassembly to pure magnets prior to the ADR process. CMR is targeting end-of-life materials, as well as waste-stream material like magnet swarf, to improve the robustness of the circular economy and to relieve the pressure on virgin sources of rare earth elements, to meet the demand for consumer products and national security. To learn more visit www.criticalmaterialsrecycling.com

About the Rare Earth Industry Association

We are a global, Belgium-based not-for-profit organization founded in 2019. REIA’s mission is to serve, promote and advance the sustainable development of the global rare-earth-element value chain. The Association’s 75 members are drawn from across the entire REE value chain, including public and private companies, research and academic institutions, government entities, policy makers and other stakeholders. REIA is currently developing a framework and guidelines to help standardize ESG reporting accepted by upstream, midstream and downstream participants. The Association provides its members with a platform for networking and bench-marking; for making their voice heard by policy makers, regulators and other key stakeholders; for finding potential partners and collaborators; for accessing and sharing data, information and best practices; and gaining visibility and highlighting their engagement towards a more sustainable supply chain.