Press Release

Supply agreement will focus on developing next-generation motor technologies using high-performance rare-earth-free Iron Nitride magnets MINNEAPOLIS, NAGANO, Japan — July 13, 2026 — Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, and ASPINA, a global manufacturer of precision motors, actuators and system solutions, have entered a supply agreement to support rare-earth-free motor solutions…

Bipartisan legislation establishes first comprehensive U.S. policy framework supporting both rare earth and rare-earth-free permanent magnet technologies  MINNEAPOLIS – June 10 – Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, today applauded the introduction of landmark congressional legislation that would establish a federal framework to incentivize the domestic production and use of permanent magnets across America’s defense, energy, and manufacturing sectors.  The Magnets Value Chain Support Act…

VIENNA, AUSTRIA, June 4, 2026 – YG Acoustics, an innovator in high end loudspeaker engineering,  Scan-Speak, a Danish leader in hand-built, high-performance transducers, and Niron Magnetics, the leader in rare-earth-free Iron Nitride permanent magnets, announce the debut of the world’s first loudspeakers powered by rare-earth-free Iron Nitride magnets at High End Vienna 2026, June 4–7. …

MINNEAPOLIS. June 1, 2026—Niron Magnetics, the leading manufacturer of rare-earth-free Iron Nitride permanent magnets, was recognized with the 2026 Innovation Excellence Award for Science Advancement by Innovation Research Interchange, the innovation management division of the National Association of Manufacturers, at its recent Innovators Summit in Charlotte. These prestigious awards honor individuals and organizations driving innovation,…

MINNEAPOLIS, Minn. — May 6, 2026 — Niron Magnetics, the leading manufacturer of rare-earth-free Iron Nitride permanent magnets, today announced it has been awarded $400,000 through the Minnesota Job Skills Partnership (MJSP) grant program, administered by the Minnesota Department of Employment and Economic Development (DEED). The funding will support workforce training as the company enters a new phase of growth and continues transitioning…

MINNEAPOLIS, Minn. — March 16, 2026 — Niron Magnetics, the leading manufacturer of rare-earth-free Iron Nitride permanent magnets, today announced that it is initiating a formal site selection process for a new high-volume manufacturing (HVM) plant in the U.S. The new plant is intended to significantly expand national production capacity for the next-generation of permanent…

MINNEAPOLIS, Minn. (February 19, 2026) – Niron Magnetics, a leading manufacturer of rare-earth-free Iron Nitride permanent magnets, today announced it is working with the Sartell-St. Stephen Dollars for Scholars program to award scholarships supporting local students pursuing higher education and technical training. The scholarship program includes two $10,000 awards for students attending four-year universities in…

World’s only producer of Iron Nitride permanent magnets expands presence in nation’s capital to accelerate adoption of rare-earth-free magnet technology WASHINGTON–FEB 11, 2026–Niron Magnetics, the company manufacturing high-performance Iron Nitride permanent magnets made without rare earths, today announced the opening of a Washington, D.C. office to work more closely with the federal government on reducing…

Niron Magnetics and FaitalPRO announced the development of new professional audio loudspeakers featuring breakthrough Iron Nitride permanent magnets. These next-generation loudspeakers, which deliver strong acoustic performance while eliminating rare-earth dependencies, will be showcased at leading audio and audiovisual industry trade shows NAMM 2026 and ISE 2026. The collaboration combines Niron Magnetics’ Iron Nitride permanent magnet…

MINNEAPOLIS, Jan. 7, 2026 — Niron Magnetics, a leading manufacturer of high-performance, rare-earth-free permanent magnets, today announced a collaboration with MATTER, India’s next-generation electric mobility technology company. Through this collaboration, MATTER will explore integrating Iron Nitride magnet technology and Variable Flux Motor (VFM) designs from Niron Magnetics into its high-performance electric motorbike products, strengthening its…