Niron Magnetics
Electronics · Minnesota, United States · 51-200 Employees
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Overview
Headquarters
650 Taft St NE, Minneapolis, Minnesota, ...Phone Number
(612) 876-3450Website
www.nironmagnetics.comRevenue
$16.3 MillionIndustry
ZI Rank: 1
Signal Type
Mar
Apr
May
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ZI Rank
2
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About Niron Magnetics
Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron's proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compared to today's rare-earth magnets and will enable a revolution in the design of new electric motors and generators. Niron participates in a U.S. Department of Energy funded project that aims to develop more cost effective and sustainable drivetrains for electric vehicles.Explore more
Niron Magnetics Org Chart
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Activity Insights
Niron Magnetics is experiencing very low activity levels compared to other companies in the Manufacturing sector.
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Niron Magnetics is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about Niron Magnetics.
Niron Magnetics financials insights
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2020
Debt
$150K
2021
Unspecified
$21.3M
2023
Other Financing Round
$33M
2024
Other Financing Round
$25M
2026
Grant
$400K
Niron Magnetics Tech Stack
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Niron Magnetics News & Media
NIRON MAGNETICS SECURES INVESTMENT FROM HONDA MOTOR CO., LTD.
Investment builds on high expectations for innovative, next-generation rare-earth-free magnetic materials MINNEAPOLIS, TOKYO and MOUNTAIN VIEW, Calif., Sept. 9, 2026 /PRNewswire/ -- Niron Magnetics, the company commercializing the world's first rare-earth-free Iron Nitride permanent...NIRON MAGNETICS RECEIVES $150 MILLION LOAN FROM THE SHAKOPEE MDEWAKANTON SIOUX COMMUNITY TO SUPPORT IRON NITRIDE MAGNET MANUFACTURING
MINNEAPOLIS, Aug. 18, 2026 /PRNewswire/ -- Niron Magnetics, the company commercializing the world's first rare-earth-free Iron Nitride permanent magnets, announced a $150 million loan from the Shakopee Mdewakanton Sioux Community (SMSC) to advance the construction of its Sartell,...NIRON MAGNETICS RECEIVES CONDITIONAL $150 MILLION DEPARTMENT OF WAR COMMITMENT
Up to $150 million would support construction and equipment for Niron Magnetics' Sartell, Minnesota manufacturing plant Rare-earth-free Iron Nitride magnets do not depend on rare earth materials and enable a new approach to domestic magnet manufacturing 20-year direct loan commitment from...NIRON MAGNETICS AND ASPINA TO DEVELOP RARE-EARTH-FREE MOTOR SOLUTIONS ACROSS GLOBAL END MARKETS
Supply agreement will focus on developing next-generation motor technologies using high-performance rare-earth-free Iron Nitride magnets MINNEAPOLIS and NAGANO, Japan, July 13, 2026 /PRNewswire/ -- Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, and ASPINA,...
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Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation. Niron's proprietary Clean Earth Magnet technology based on Iron nitride enables magnets that possess inherently higher magnetization and can be produced at a lower cost compare... Read More
