Niron Magnetics lands conditional $150M Department of War funding commitment
Writer: Amanda Stutt |
Date: 2026-08-07 23:52:00
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Niron Magnetics introduced Friday a conditional dedication from the Division of Battle’s Workplace of Strategic Capital (OSC) for a direct mortgage of as much as $150 million with a 20-year time period to help development and gear for the corporate’s superior manufacturing plant in Sartell, Minnesota.
The Minneapolis – primarily based firm is working in direction of commercializing the world’s first rare-earth-free Iron Nitride everlasting magnets, it mentioned.
The…
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