With $169.7 million in facility-specific investment and 175 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). It is also confirmed by official public sources and involves a physical manufacturing facility in the United States.
View full methodology →The critical minerals & magnets context.
Facilities that separate, refine, convert, or recover critical minerals into metals, oxides, or chemical compounds, plus facilities manufacturing finished permanent magnets of any chemistry, including magnets made without rare earths. Battery-specific active materials belong in Battery Manufacturing. For other integrated activities, classify by the primary stated output.
At a glance
- Company
- Niron Magnetics
- Industry
- Critical Minerals & Magnets
- Location
- Sartell, Minnesota
- Investment
- $169.7M
- Permanent jobs announced
- 175
- Status
- Under Construction
- Announced
- Oct 1, 2024
- Expected opening
- 2027
- Added to tracker
- Sep 23, 2026
Official references
- Minnesota DEED business-expansion projects 2025 (Niron Magnetics) https://mn.gov/deed/assets/business-expansion-projects-2025_tcm1045-744312.pdf
- Niron Magnetics Sartell next-phase manufacturing announcement https://nironmagnetics.com/news/niron-magnetics-and-city-of-sartell-advance-next-phase-of-rare-earth-free-permanent-magnet-manufacturing-project
Cite this project
American Factory Tracker. "Niron Magnetics Sartell Manufacturing Facility, Sartell, MN." https://americanfactorytracker.com/projects/niron-magnetics-sartell-manufacturing-facility. Accessed November 3, 2026.
Please also cite the original sources listed above for underlying figures.