Volume 1 Number 18 | pdb2b.com
Cyclic Materials said its latest round of financing will allow the company to move up ground-breaking on its planned facility at McBee’s Alligator Industrial Park, 26009 SC Highway 151, to Q4 from Q1 2027. (PDB2B photo by Don Fujiwara)
Toronto-based rare earth element recycling company Cyclic Materials has moved up the timetable on construction of its planned facility in McBee, owing to the completion of a $75 million strategic financing round. This latest round brings its total equity funding to $237 million.
Cyclic said in an Aug. 27 statement that the capital will allow the company to expand its infrastructure in the United States, “increasing domestic production capacity for rare earths and critical minerals.”
Cyclic recycles rare earth elements and other materials in magnet-containing end-of-life scrap and turns magnet-production waste into raw materials used in AI, robotics, defense and advanced manufacturing, according to its website.
The plant slated for construction at McBee’s Alligator Industrial Park, 26009 SC Highway 151, will comprise a “spoke” operation that will produce recycled magnet concentrate and other critical materials and a “hub” facility that will process the recycled magnet concentrate and waste from magnet production to recover recycled mixed rare earth oxides and cobalt-nickel mixed hydroxide precipitate.
Cyclic Materials founder and CEO Ahmad Ghahreman said in the statement, “This additional capital will enable us to move faster in South Carolina and across the United States, accelerate the expansion of our hub-and-spoke network, produce more rare earths and critical minerals domestically and return them to American manufacturing.”
According to the statement, this capital will allow it to break ground on the McBee facility in Q4 rather than the Q1 2027 expectation the company had communicated in a June town hall in McBee. Cyclic Materials’ Director of Marketing and Communications Ethan Hugh confirmed the revised timetable in an email.
Hugh did not narrow down the projected date of the groundbreaking, saying the company “will announce in due time.”
Hugh declined to comment as to how the financing accelerates the construction timetable and buildout of infrastructure, instead defaulting to the above quote from Ghahreman.
B2B bulletin
HopeHealth acquires pediatric practice
Florence-based healthcare services provider HopeHealth Inc. has acquired Eastern Carolina Pediatric Associates. HopeHealth said in a statement Monday that the acquisition “expands access to trusted pediatric care in Florence and Darlington counties, while preserving the relationships families have established with their providers ...”
The move “also helps address the growing need for pediatric providers across the Pee Dee by expanding access to preventive care, well-child visits, immunizations, developmental screenings, same-day sick visits and chronic-disease management for children,” the statement said.
Eastern Carolina Pediatric owned and operated a pediatric medical practice in Darlington and Florence, where it had kept its main office, according to its website.
Darlington County EMS deploys new ambulance
This photo provided by Darlington County shows the latest addition to its Emergency Medical Services fleet, a 2026 Chevrolet G4500 chassis with new ambulance module remount. (PDB2B photo by Darlington County)
Darlington County Emergency Medical Services has placed a new ambulance in service, replacing an aging unit.
The County said in an August statement that the ambulance is built on a 2026 Chevrolet G4500 chassis upon which an ambulance module had been remounted, which “saves Darlington County government tens of thousands of dollars.”
The ambulance had been refurbished inside and out, including new lighting and striping and repainting, according to the statement, which went on to say that the seating, flooring and countertops are new, and the unit features a Lifepak 35 cardiac monitor and defibrillator that “incorporates some of the most innovative technology developments in recent years for the emergency medical field ...”
Commerce calendar
Noon-1
Florence Center
3300 W. Radio Dr.
Guest speaker Duane Parrish — director of SC Department of Parks, Recreation and Tourism — will talk about the role tourism plays in the state and how the Pee Dee factors into that role. Additionally, the Chamber will announce its businessperson of the year.
6:30 p.m.-9
Thomas Hart Academy
852 Flinns Road
Hartsville
This event features open mahjong play, boutique shopping, hors d'oeuvres, and beer and wine. Tickets run $25 for mingling only, $40 for single play and $150 for a table. Proceeds support Thomas Hart Academy.
The Greater Chesterfield Chamber of Commerce seeks event sponsors and table vendors for its Taste of Chesterfield event. Sponsorship opportunities come in multiple levels. Vendor spaces are also available for businesses, organizations and community groups. To become a sponsor or table vendor, comment on their Facebook page or message them directly.