Niron Magnetics Stock
| Valuation | $613.98M1, 2 |
| Valuation Date | Feb 20, 2024 |
| Implied Valuation | n/a |
| Last Price | $2.96 |
| 52-Week High | n/a |
| 52-Week Low | n/a |
| YTD Return | n/a |
| 1-Year Return | n/a |
| 3-Year Return | n/a |
| Total Funding | $107.66M1 |
| Latest Round Amount | $25M2 |
| Latest Round | Series D |
| Funding Rounds | 7 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Niron Magnetics
Niron Magnetics is a manufacturer of rare-earth-free permanent magnets made from Iron Nitride. Its magnets are built from abundant iron and nitrogen rather than neodymium or other rare earths. They are aimed at motors, generators, speakers and other electrified systems across the automotive, industrial, electronics and defense sectors. The company makes money by producing and selling these magnets and by working with manufacturers to qualify them for specific applications. It operates a commercial pilot plant in Minneapolis and is building its first full-scale plant in Sartell, Minnesota.
Invest in Niron Magnetics
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News
Niron Magnetics to celebrate steel raising in Sartell
Niron Magnetics scheduled a steel-raising ceremony for its 287,000-square-foot Sartell plant, which is slated to open in 2027 with up to 1,500 tons of annual magnet capacity.
$150 Million Tribal Loan Advances Niron Magnetics' Plan to Build Magnets Without Rare Earth Metals
The Shakopee Mdewakanton Sioux Community loaned Niron Magnetics $150 million to advance its rare-earth-free magnet manufacturing plant in Sartell, Minnesota, expected to open in 2027.
Niron Magnetics Receives $150 Million Loan from Shakopee Mdewakanton Sioux Community
Niron Magnetics secured a $150 million loan from the Shakopee Mdewakanton Sioux Community to advance construction and equipment for its Sartell, Minnesota manufacturing facility.
Niron Magnetics receives $150 million loan from Shakopee Mdewakanton Sioux Community
Niron Magnetics secured a $150 million loan from the Shakopee Mdewakanton Sioux Community to advance construction of its rare-earth-free magnet plant in Sartell, Minnesota.
DOW loans Niron Magnetics $150M to build new magnet plant
The Department of War's Office of Strategic Capital offered Niron Magnetics a conditional $150 million loan toward a $605 million Sartell plant targeting 1,500 tons of magnets annually.
Office of Strategic Capital signs $150 million conditional loan commitment with Niron Magnetics
The U.S. Department of War's Office of Strategic Capital committed up to $150 million to help Niron scale rare-earth-free magnet production at a planned Minnesota facility.
Niron Magnetics Receives Conditional $150 Million Department of War Commitment
Niron Magnetics announced a conditional commitment from the Department of War's Office of Strategic Capital for a direct loan of up to $150 million to support construction and equipment for its rare-e...
Niron Magnetics Receives Conditional $150 Million Department of War Commitment
The Department of War Office of Strategic Capital issued a conditional commitment for a direct loan of up to $150 million to support construction and equipment for Niron Magnetics' Sartell, Minnesota ...
Construction for Niron Magnetics Begins in Sartell
Construction has started on Niron Magnetics' Sartell plant, with crews pouring foundations for what city officials describe as the largest private investment in Sartell in decades.
Niron Magnetics, Aspina Enter Rare-Earth-Free Magnet Supply Agreement
Niron Magnetics and Japan-based Aspina signed a supply agreement to develop rare-earth-free motor products for automotive, industrial, consumer, and space applications using Niron's iron-nitride magne...
Niron Magnetics and ASPINA Sign Supply Agreement for Rare-Earth-Free Motors
Niron Magnetics entered a supply agreement with ASPINA to support high-volume rare-earth-free motor applications across automotive, industrial, and space markets.
Niron Magnetics and ASPINA to Develop Rare-Earth-Free Motor Solutions Across Global End Markets
Niron Magnetics and ASPINA entered a supply agreement to support rare-earth-free motor solutions using Iron Nitride magnets across automotive, industrial, consumer and space applications.
Niron Magnetics Advances U.S. Permanent Magnet Manufacturing Plans
Niron Magnetics began a formal site-selection process for a second U.S. high-volume manufacturing plant intended to produce up to 10,000 tons of Iron Nitride magnets annually.
MATTER and Niron Magnetics Unveil Next Generation Rare-Earth-Free Variable Flux Motor
Niron Magnetics and India's MATTER unveiled a prototype rare-earth-free variable flux motor for electric motorbikes at CES 2026, integrating Iron Nitride magnet technology into MATTER's EV platforms.
Niron Magnetics and Bimotal Collaborate on Rare-Earth-Free Mobility Motors
Niron Magnetics partnered with Bimotal to develop next-generation electric motor designs for mobility and robotics using Iron Nitride magnets.
Niron Magnetics and Bimotal Join Forces to Power the Future of Motion
Niron Magnetics and Bimotal said they are collaborating on next-generation electric motor designs for mobility and robotics using Iron Nitride magnets, with first prototypes planned for CES 2026.
Niron Magnetics and Moog Inc. Partner to Produce Rare-Earth-Free Actuator Designs for Defense Applications
MINNEAPOLIS--(BUSINESS WIRE)--Niron Magnetics, a leading manufacturer of high-performance rare-earth-free permanent magnets, and Moog Inc. (NYSE: MOG.A and MOG.B), a worldwide designer, manufacturer, ...
Niron Magnetics CEO Testifies Before Congress on Urgent Action Needed for Rare Earth Alternatives
CEO Jonathan Rowntree testified before the U.S. House Select Committee on the CCP about Iron Nitride magnets as a domestic alternative to rare-earth permanent magnets.
Niron Magnetics Receives Minnesota Forward Fund Award to Advance Sartell Manufacturing Facility
Niron Magnetics was awarded a $10 million Minnesota Forward Fund grant to support construction of its first full-scale Iron Nitride magnet plant in Sartell.
Niron Magnetics and Stellantis Partner to Pioneer Rare-Earth-Free Electric Motor Innovation
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 ...
Niron Magnetics breaks ground on Sartell manufacturing facility to scale up cutting-edge technology
Niron Magnetics broke ground on its planned Sartell, Minnesota manufacturing plant expected to produce 1,500 tons of rare-earth-free permanent magnets annually when fully operational in 2027.
Niron Magnetics Awarded $52 Million to Advance US Rare-Earth-Free Magnet Manufacturing
Niron Magnetics received a $52.2 million Section 48C Advanced Energy Project tax credit to advance construction of its rare-earth-free magnet manufacturing facility in Sartell, Minnesota.
Niron Magnetics Secures Funding from Samsung Ventures, Allison Transmission and Magna to Accelerate Production of Rare Earth-Free Magnets
Niron Magnetics announced $25 million in strategic funding led by Samsung Ventures with participation from Allison Transmission and Magna to expand production capacity.
Niron Magnetics Secures $33M from Leading Automotive Manufacturers to Meet Growing Demand for Rare Earth-Free Magnets
Niron Magnetics raised $33 million with new investments from GM Ventures and Stellantis Ventures alongside prior local backers to expand pilot production and customer programs.