Federal instrument · Equity

Canada Growth Fund US$25 million preferred equity investment in Cyclic Materials

On January 20, 2026, Canada Growth Fund announced a US$25 million investment in Cyclic Materials as part of a US$75 million Series C preferred equity round led by T. Rowe Price. The announcement notes Cyclic has successfully operated two pilot facilities in Kingston, Ontario and is constructing its first commercial-scale Hub in Kingston and Spoke in Arizona. Currency is USD as stated by the source. No ownership stake percentage or valuation was disclosed.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.

Financial state: Obligated

Program: Canada Growth Fund · Canada Growth Fund Inc.

Terms

Amount	$25M (US$25 million investment as part of a US$75 million Series C preferred equity round, currency as stated by Canada Growth Fund)

Immutable financial events

Jan 20, 2026 · Obligated

Operational milestones are displayed on the linked facility line, not duplicated in this ledger.

Sources

Canada Growth Fund · published Jan 20, 2026 · retrieved Aug 11, 2026 · archive