Niron Magnetics — Valuation, Funding & Investors

Niron Magnetics, founded in 2015 by Frank Thibodeau and Jian Ping Wang, has developed a rare-earth-free permanent magnet made with Iron Nitride, sold under its Clean Earth Magnet brand for industrial, automotive, consumer electronics, and defense customers. The company is headquartered in Minneapolis, Minnesota.

Niron is scaling toward 10,000 tons a year of production capacity, with its Sartell, Minnesota plant expected to be operational in 2027 and create up to 175 full-time jobs. In August 2026, the U.S. Department of War's Office of Strategic Capital announced a conditional commitment for a direct loan of up to $150 million with a 20-year term to support construction and equipment for that Sartell facility.

Listed funds carry late-stage private names. A fund's latest schedule of investments shows whether it holds Niron Magnetics.

Often trade at a premium or discount to NAV.

Platforms match existing holders with buyers. Niron Magnetics availability at any moment is set by the holders.

High minimums, transfer approval, company right-of-first-refusal.

Valuations, rounds and IPO status for every company in the directory — Niron Magnetics included.

The routes section explains what is realistically available for a company at this stage.

No. Niron Magnetics is a private company; its shares do not trade on a public exchange.

Lead investors for each round are in the funding timeline.

The closest materials science / advanced manufacturing peers are on the competitors page.