Niron Magnetics is pioneering a breakthrough in permanent magnet technology with Iron Nitride, the first and only rare-earth-free alternative in a US$25Bn market. Built from abundant, sustainable materials like iron and nitrogen, Niron’s magnets deliver high performance at lower cost, while avoiding the supply chain, environmental, and geopolitical risks of rare earths.

Key Statistics

Headquarters

Minneapolis, USA

Status

Active

Industry

Advanced Materials Science

Fund

USO II