Niron gets $150M loan to build iron nitride magnet manufacturing plant in Minnesota
Company is working towards commercializing the world's first rare-earth-free iron nitride permanent magnets.
Company is working towards commercializing the world's first rare-earth-free iron nitride permanent magnets.
BELLINGS Intelligence Score: 12
Why it matters
This $150M loan to Niron for building a rare-earth-free magnet plant is a routine commercial financing event with limited immediate impact on credit markets or underwriting standards.
Sources
Mining.com
Niron gets $150M loan to build iron nitride magnet manufacturing plant in Minnesota
Company is working towards commercializing the world's first rare-earth-free iron nitride permanent magnets.