# Scott Dunn

> Scott Dunn is co-founder and CEO of Noveon Magnetics, a rare earth permanent magnet manufacturer based in San Marcos, Texas. With a background in environmental science and manufacturing, he oversees strategy and capital allocation as the company expands U.S. production, supplies industrial customers and develops magnet recycling partnerships.

- **Role:** Co-founder and CEO at Noveon Magnetics Inc.
- **Organizations:** Noveon Magnetics Inc.
- **Education:** Bachelor of Science in environmental science, University of Southern California, United States Naval Academy
- **Known for:** Co-founded a U.S. manufacturer of sintered neodymium-iron-boron permanent magnets., Led Noveon through the announcement of a $215 million Series C financing in January 2026., Developed commercial relationships with Nidec, General Motors and ABB.

## Career timeline

- **2012** — Attended a permanent magnet conference in Nagasaki with Peter Afiuny and met Miha Zakotnik and Catalina Oana Tudor.
- **2014** — Co-founded the business now known as Noveon Magnetics, formerly Urban Mining Company.
- **2016** — Became CEO in January; the company built its U.S. pilot production facility.
- **2023** — Noveon entered commercial rare earth magnet production in San Marcos.
- **2025** — Noveon announced magnet supply agreements with Nidec, General Motors and ABB.
- **2026** — Noveon announced an LG Electronics recycling initiative and a $215 million Series C financing in January.

## Achievements

- Co-founded a U.S. manufacturer of sintered neodymium-iron-boron permanent magnets.
- Led Noveon through the announcement of a $215 million Series C financing in January 2026.
- Developed commercial relationships with Nidec, General Motors and ABB.

## Latest updates

- **2026-09** — Listed as a keynote speaker and one-on-one interview participant at Rare Earth Mines, Magnets & Motors 2026 in Toronto, September 28-30.
- **2026-01** — Noveon announced a $215 million Series C on January 19, led by a $200 million investment from One Investment Management; the transaction also facilitated secondary share sales.
- **2026-01** — On January 6, Noveon, Kangwon Energy and LG Electronics announced an end-of-life magnet recycling and validation initiative.
- **2025-11** — Noveon announced a Solvay oxide supply agreement and a Kangwon Energy MOU for a planned Korean magnet factory.

## Links

- Website: https://noveon.co/
- LinkedIn: https://www.linkedin.com/in/scott-dunn-bb30b7a2

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Profile page: https://yespress.io/scott-dunn
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Last updated: 2026-10-24