Critical Materials Recycling (CMR) was founded in 2021 and is headquartered in Boone, lowa. CMR is a leading rare earth recycling technology company, commercializing a patented Acid-Free Dissolution Recycling (“ADR”) technology from the Critical Materials Institute at the U.S. Department of Energy’s Ames National Laboratory. CMR produces a rare earth oxide from sources such as hard disc drives, magnet swarf and other end of life magnet materials.