Niron Magnetics Receives Minnesota Forward Fund Award to Advance Sartell Manufacturing Facility

Niron Magnetics today was awarded a $10,000,000 grant from the Minnesota Forward Fund to support the construction of its groundbreaking manufacturing facility in Sartell, Minnesota. The award will help advance the development of Plant 1, a 190,000-square-foot facility that will serve as the world’s first full-scale production site for Iron Nitride-based rare-earth-free permanent magnets.