Niron Magnetics
Makes rare-earth-free iron nitride permanent magnets from domestic iron and nitrogen for defense, aerospace, robotics and electrification.
Stryker Dragoon at sunset, Malacky Air Base, Slovakia. Photo: U.S. Army photo by Maj. John Ambelang, Public domain (PD-USGov-Military-Army).
Funding history
No round has been publicly disclosed, or we have not been able to confirm one.
Why it matters
Conditional OSC direct loan of up to $150M (Aug 2026) for its 1,500-ton Sartell, Minnesota plant due in 2027; Moog partnership on defense actuators (Dec 2025).
Is Niron Magnetics publicly traded?
Niron Magnetics is privately held as of November 14, 2026: there is no ticker and no announced IPO. Shares are not available on public exchanges.
Information only, not investment advice.
Some figures rest on a single report. Treat them as indicative.Last verified November 14, 2026
Niron Magnetics: key questions
What does Niron Magnetics do?
Makes rare-earth-free iron nitride permanent magnets from domestic iron and nitrogen for defense, aerospace, robotics and electrification.
Where is Niron Magnetics based?
Niron Magnetics is headquartered in Minneapolis, Minnesota. It was founded in 2014.
Who are Niron Magnetics' investors?
Notable investors include Shakopee Mdewakanton Sioux Community.
Is Niron Magnetics publicly traded?
Niron Magnetics is privately held as of November 14, 2026: there is no ticker and no announced IPO. Shares are not available on public exchanges.
Can you buy Niron Magnetics stock?
Not on a public exchange: Niron Magnetics is a private company. Shares of private companies change hands only in private transactions open to accredited investors, when the company allows it. This is not investment advice.
Sources
- chargedevs.com/newswire/niron-magnetics-wins-conditional-150-million-loan-commitment-for-r
- businesswire.com/news/home/20251211449001/en/Niron-Magnetics-and-Moog-Inc.-Partner-to-Prod
- axios.com/pro/climate-deals/2026/03/30/niron-magnetics-rare-earth-permanent-magnets
Figures come from company announcements, government sources and press reports. Spot an error? Send a correction. Nothing here is investment advice.
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