Tech Company Financing Transactions
Niron Magnetics Funding Round
On 8/18/2026, Niron Magnetics announced $150 million in funding from Shakopee Mdewakanton Sioux Community.
Transaction Overview
Company Name
Announced On
8/18/2026
Transaction Type
Debt
Amount
$150,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Today's announced funding will support construction, equipment and operational readiness activities at Niron's Sartell plant, advancing domestic production of rare-earth-free permanent magnets.
Company Information
Company Status
Private & Independent
Industry
Electronics
Mailing Address
650 Taft St. NE 400
Minneapolis, MN 55413
USA
Minneapolis, MN 55413
USA
Phone
Undisclosed
Website
Email Address
Overview
Niron Magnetics is developing the world's first advanced manufacturing process for the mass production of permanent magnets powered by its breakthrough material formulation.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Andrew Blackburn
Chief Operating Officer
John Larson
Chief Scientific Officer
Jian-Ping Wang
Chief Technical Officer
Frank Johnson
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