Niron Magnetics is building a manufacturing plant in Sartell, MN, after securing a $150M loan for its Iron Nitride technology.
8 reports, 4 independent
Updated Sep 12
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What happened
Niron Magnetics is building a manufacturing plant in Sartell, MN, after securing a $150M loan for its Iron Nitride technology.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Niron's Sartell plant is operational and offers rare earth-free magnets amid China's market dominance.1 source
Niron Magnetics' iron nitride technology bypasses Chinese rare earth dependency, backed by $3B investment.1 source
Niron Magnetics secured $150M loan to build a manufacturing plant in Sartell, MN.1 source
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The entities involved
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University of Minnesota
public research university in Minneapolis and Saint Paul, Minnesota, United States