Central Minnesota MN

Minnesota magnet maker gets $150 million federal loan

MPR News

Aug 11, 2026

Minnesota magnet maker gets $150 million federal loan

A Minnesota-based magnet maker is set to receive a $150 million federal loan through the Department of Defense. The loan will help Niron Magnetics accelerate opening a facility nor…

Read the full story at MPR News

Minnesota magnet maker gets $150 million federal loan

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