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Niron Magnetics receives $10-million grant for US permanent magnet facility - Charged EVs
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Niron Magnetics receives $10-million grant for US permanent magnet facility - Charged EVs
US-based magnet manufacturer Niron Magnetics has been awarded a $10-million grant from the Minnesota Forward Fund to support the construction of its production site for iron nitride-based rare earth-free permanent magnets in Sartell, Minnesota. The financing will help the company advance the development of Plant 1, a 190,000-square-foot facility. Construction of the plant, located on property owned by the former Verso Paper Mill site, is schedul…
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