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High performance, low-cost permanent magnets



Anzu Investment:

December 2016

The world’s first commercial, high performance, rare-earth free permanent magnets

Niron’s Clean Earth Magnet technology will enable mass production of high performance permanent magnets based entirely on low-cost, sustainable input materials.

For high performance applications, magnets made of rare-earth materials are the most widely used today (such as NdFeB magnets). However, the mining, extraction, and manufacturing processes are labor intensive, expensive, and environmentally damaging. Due to persistent supply chain and geopolitical issues, the prices of these materials have been historically unstable and have surged over the last year.

Niron’s proprietary Clean Earth Magnet materials possess inherently higher magnetization and can be produced at a lower cost. Using a patented, scalable process, Niron will produce high powered magnets using commonly available iron and nitrogen raw materials that can be sourced globally and sustainably.

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