Niron Magnetics, Inc.

Niron Magnetics is a Minnesota-based company pioneering the development of the world's first high-performance, rare earth-free permanent magnets. Their proprietary Clean Earth Magnet® technology, based on Iron Nitride, offers a compelling alternative to traditional rare earth magnets, which are facing growing concerns over supply chain instability, rising prices, and environmental impact. Niron's Clean Earth Magnets boast inherently high magnetization, are free of critical minerals, and offer improved temperature stability.

Niron Magnetics has garnered significant attention and investment from leading automotive manufacturers, including GM Ventures and Stellantis Ventures, highlighting the potential of their technology to revolutionize the automotive industry. They are actively working on scaling their manufacturing process for mass production and have secured funding to expand their pilot production facilities. With a commitment to sustainability and innovation, Niron Magnetics is poised to play a key role in shaping the future of electric vehicles and other industries that rely on powerful and environmentally responsible magnets.

Niron Magnetics is a company dedicated to revolutionizing the magnet industry by developing and commercializing high-performance, rare earth-free permanent magnets. Their innovative Clean Earth Magnet® technology, based on Iron Nitride, addresses the growing demand for sustainable and globally available magnet solutions. This commitment to a rare earth-free future ensures that Niron's technology plays a vital role in enabling the transition to clean energy sources and electric transportation while reducing reliance on critical minerals.

Niron Magnetics promotes a culture of innovation and sustainability, focused on developing and commercializing rare earth-free magnets. The company's mission is to solve the global magnet shortage while reducing reliance on critical minerals and their environmental impact. This ambition is reflected in their collaborative and forward-thinking environment, attracting a team of talented scientists and engineers who are passionate about developing solutions for a cleaner future.