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August 24, 2026

Niron Magnetics

Niron Magnetics, a company developing high-performance, rare earth-free permanent magnets, received a $150M loan from the Shakopee Mdewakanton Sioux Community.

Round
Debt
Amount raised
$150M
Lead investor
Shakopee Mdewakanton Sioux Community
Industry
Materials Science
Headquarters
Minneapolis, United States
Employees
51-200 employees

Source: FinSMEs