Author: Christina Fankhanel

MINNEAPOLIS, Minn. – August 18, 2026 – 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, Minnesota, magnet manufacturing plant.  Today’s announced funding will support construction, equipment and operational readiness activities at…

MINNEAPOLIS, Minn., AUGUST 7, 2026 – Niron Magnetics, the company commercializing the world’s first rare-earth-free Iron Nitride permanent magnets, today announced a conditional commitment from the Department of War’s Office of Strategic Capital (OSC) for a direct loan of up to $150 million with a 20-year term to support construction and equipment for the company’s advanced manufacturing plant in Sartell, Minnesota. The financing would accelerate…

Supply agreement will focus on developing next-generation motor technologies using high-performance rare-earth-free Iron Nitride magnets MINNEAPOLIS, NAGANO, Japan — July 13, 2026 — Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, and ASPINA, a global manufacturer of precision motors, actuators and system solutions, have entered a supply agreement to support rare-earth-free motor solutions…

Bipartisan legislation establishes first comprehensive U.S. policy framework supporting both rare earth and rare-earth-free permanent magnet technologies  MINNEAPOLIS – June 10 – Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, today applauded the introduction of landmark congressional legislation that would establish a federal framework to incentivize the domestic production and use of permanent magnets across America’s defense, energy, and manufacturing sectors.  The Magnets Value Chain Support Act…

VIENNA, AUSTRIA, June 4, 2026 – YG Acoustics, an innovator in high end loudspeaker engineering,  Scan-Speak, a Danish leader in hand-built, high-performance transducers, and Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, announce the debut of the world’s first loudspeakers powered by rare-earth-free Iron Nitride magnets at High End Vienna 2026, June 4–7. …

MINNEAPOLIS. June 1, 2026—Niron Magnetics, the leading manufacturer of rare-earth-free Iron Nitride permanent magnets, was recognized with the 2026 Innovation Excellence Award for Science Advancement by Innovation Research Interchange, the innovation management division of the National Association of Manufacturers, at its recent Innovators Summit in Charlotte. These prestigious awards honor individuals and organizations driving innovation,…