Niron Magnetics Inc.
Minneapolis, MN
- UEI
- MH5DWJN9K8T9
- CAGE
- 8GK61
- Primary NAICS
- 541713 Research and Development in Nanotechnology
- SAM.gov registration
- Active through
Company facts
- Self-certified in SAM.gov
- Entity structure
- Corporate Entity (Not Tax Exempt)
- Other NAICS codes in SAM.gov
- SAM.gov registration date
- Physical address
- 650 Taft St NE #400, Minneapolis, MN 55413, USA
- Website
- nironmagnetics.com
- Founded
- 2015
- Employees
- 11-50
- Estimated annual revenue
- $1M-$10M
- Industry
-
- Industrials
- Capital Goods
- Industrial Conglomerates
- Industrials & Manufacturing
- SIC code
- 35 Industrial Machinery & Equipment
- Profiles
Registration and certifications come from SAM.gov and the SBA; company details from public web sources. Updated .
Contract obligations by fiscal year
| Fiscal year | Obligated |
|---|---|
| FY2027 To date | $0 |
| FY2026 | $0 |
| FY2025 | -$3,308 |
| FY2024 | $64,065 |
| FY2023 | $12,489,500 |
Contract awards
Grant awards
Grant subawards
| Prime recipient | Prime award | Amount | Awarded |
|---|---|---|---|
| Marquette University | DEEE0009190 | $389,867 |
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About the company
Niron Magnetics Inc. is a for-profit corporate entity based in Minneapolis, Minnesota, specializing in the development and production of rare-earth-free permanent magnets. The company focuses on innovative magnetic materials technologies, with a particular emphasis on creating sustainable alternatives to traditional rare-earth dependent magnets. Their flagship product is the "Clean Earth Magnet," a high-performance permanent magnet designed to address critical materials challenges in various technological applications.
Through federal contract awards, Niron Magnetics has demonstrated capabilities in advanced manufacturing and specialized material delivery. The company has secured multiple contracts with the Defense Logistics Agency Troop Support, including a $12,489,500 definitive contract for emergent products and services and a $3,568,468 contract for expedient casting using printed sand molds. Their contracts have focused on innovative manufacturing techniques, particularly in metal casting and magnetic material production. The contract awards have not been exclusively small business set-aside, indicating the company's competitive positioning across different procurement categories. The contracts primarily support defense logistics and research programs, showcasing Niron's ability to deliver specialized technological solutions to federal agencies.
On the grant side, Niron Magnetics has received significant federal funding to advance critical materials research and development. The U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy awarded the company a $3,024,763 cooperative agreement focused on critical materials challenges, including developing alternative materials and improving manufacturing efficiency. Another notable grant from the Advanced Research Projects Agency was a cooperative agreement aimed at commercializing rare-earth-free iron nitride permanent magnets. The company has also engaged in sub-grant work with Marquette University, collaborating on advanced nanoparticle synthesis and magnetic material development. These grant awards demonstrate Niron's commitment to innovation in clean energy technologies, critical materials research, and sustainable manufacturing processes, with a particular emphasis on reducing dependency on rare-earth elements and advancing domestic supply chain capabilities.
Quick answers
Is Niron Magnetics Inc. registered in SAM.gov?
Yes. Niron Magnetics Inc.'s SAM.gov registration is active through April 9, 2027.
How much has Niron Magnetics Inc. received in federal contracts?
Federal contracts obligated $12,550,257 to Niron Magnetics Inc. in fiscal years 2023 through 2027.
What is Niron Magnetics Inc.'s most recent federal award?
Niron Magnetics Inc.'s most recent federal grant award is The critical materials accelerator aims to validate and prototype technologies and processes that address critical… (DEEE0011722), from Office of Energy Efficiency and Renewable Energy, on October 1, 2025.
On GovTribe
See Niron Magnetics Inc.'s full federal record
- Federal contract awards
- Federal grant awards
- Funding analysis by agency, NAICS and set-aside
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