Jon Olson, current Board Member at AMD, Rocket Lab, and Kulicke & Soffa, and Eric Stang, CEO and Chairman of Ooma and current Board Member of Rambus, join Niron Magnetics’ Board of Directors. MINNEAPOLIS, MN – November 12, 2025 – Niron Magnetics, the company manufacturing high-performance Iron Nitride permanent magnets made without rare earths, announced…
MINNEAPOLIS, MN – November 3, 2025 – Niron Magnetics, the company manufacturing high-performance Iron Nitride permanent magnets made without rare earths, announced an expanded partnership with the City of Sartell to build the company’s first full-scale production facility. This collaboration builds on prior agreements, including the purchase of 79 acres of land in Sartell’s Mill…
MINNEAPOLIS, MN – [October 20, 2025] – Niron Magnetics today was awarded a $10,000,000 grant from the Minnesota Forward Fund to support the construction of its groundbreaking manufacturing facility in Sartell, Minnesota. The award will help advance the development of Plant 1, a 190,000-square-foot facility that will serve as the world’s first full-scale production site…
Breakthrough magnet technology advances following Niron Magnetics’ launch of first commercial manufacturing facility in Minnesota MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics today announced a project in collaboration with Stellantis to develop a new generation of electric motor designs for automotive use using magnets free of rare-earth elements. Niron’s breakthrough Iron Nitride magnet technology offers a promising alternative to…
MINNEAPOLIS, MN – October 7, 2025 – Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free permanent magnets made from Iron Nitride, and the Greater St. Cloud Development Corporation (GSDC), today announced a partnership to highlight the project’s regional economic impact and the collaborative efforts that made it possible. This follows the recent groundbreaking…
MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free permanent magnets made from Iron Nitride, announced the appointment of Shyamli Mohamed as Chief Financial Officer. In this role, Shyamli will lead Niron’s financial strategy, fundraising, and capital planning in support of the company’s rapid growth as it scales its breakthrough magnet technology. “We…
SARTELL, Minn. – Niron Magnetics has broken ground on a new state-of-the-art 1,500-ton-per-year permanent magnet manufacturing facility in Sartell, Minnesota. After nearly a decade of research and development in partnership with the U.S. Department of Energy and the University of Minnesota, Niron Magnetics has successfully created one of the first commercially viable new magnet materials…
MINNEAPOLIS – Niron Magnetics today announced it has licensed a comprehensive portfolio of foundational Variable Flux Motor (VFM) patents. This strategic licensing agreement unlocks decades of cutting-edge motor research for commercial application and positions Niron Magnetics to enable next-generation electric motor performance across multiple industries. The licensed patent portfolio covers breakthrough motor design technologies that,…
MINNEAPOLIS–(BUSINESS WIRE)–Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free Iron Nitride permanent magnets, was named the Innovation of the Year at the 2025 mHUB Fourth Revolution Awards. This recognition highlights Niron’s breakthroughs in advanced manufacturing and Industry 4.0, which harnesses automation, digital technologies, and environmentally responsible production methods. Together, these innovations enable a…
MINNEAPOLIS, MN – February 26, 2025 – Niron Magnetics, the company pioneering the world’s first high-performance, rare-earth-free permanent magnets made from iron nitride, announced the appointment of Becky Schneider as Chief People Officer. In this role, Schneider will lead Niron’s people strategy, fostering a high-performance culture and supporting the company’s rapid growth as it scales…