Rare earth elements (REEs) are key materials for the development of renewable energy devices such as high-power magnets for wind turbines, electric vehicles, or fuel cells for hydrogen generation, aiming to fulfill the objectives of the European Green Deal for a carbon-neutral economy. The increased demand for REEs and their criticality strongly require the improvement of their extraction technologies from primary resources and the enhancement of their circularity reuse rate from secondary resources. The aim of this paper is to focus attention on the possibilities offered by emerging methods such as microwave (MW) treatment and mechanochemistry in waste electric and electronic equipment (WEEE) processing and the reuse of end-of-life (EoL) magnets, directed toward the tailoring of rational REE material flows. The discussed investigation examples explore some key features of conventional and new methods for efficient, environmentally friendly, and scalable REE extraction and reuse, with the final goal of producing recycled NdFeB powders, with potential use in the redesign and fabrication of new REE-based magnets.