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North American Iron

North American Iron

Private
Minot, North DakotaFrontier & Industrial Techhttps://na-iron.com/

Last Round

Follow-on Offering

Jun 28, 2026

Total Funding Raised

$10M

Momentum

Top 50%

of companies Caplight tracks

Company Overview

North American Iron is an industrial manufacturing company that produces high-purity pig iron by processing reclaimed iron ore using natural gas-based technology.

Sector

Frontier & Industrial Tech

Verticals

Clean Manufacturing, Circular Economy, Supply Chain, Sustainable Materials

Business Model

B2B

Customer Profile

Hardware Sales

AI Layer

Non-AI

Keywords

merchant pig ironsteelmaking feedstockgreen steelhydrogen direct reductionelectric arc furnaceEAFdomestic steel supplyindustrial reclamationcircular economyiron ore stockpilesreshoring manufacturingsupply chain securityindustrial byproductsclean manufacturing

Historical Pricing

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Caplight Momentum Score

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North American Iron Comparables

Compare North American Iron with similar companies based on industry and business-model similarity.

North American Iron comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Magnum Mining and Exploration Limited
82%
HyIron Green Technologies
76%
Cleveland-Cliffs Inc.
75%

North American Iron Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Follow-on OfferingJun 28, 2026
DebtMar 1, 2026
VC RoundNov 1, 2025
VC RoundSep 1, 2025

Key People

Founding team and executive leadership

Jim Bougalis

Founder and CEO

Founding Team

North American Iron Investors

Notable investors and investment history

North American Iron investors
InvestorRounds
O'Leary VenturesVC Round
North Dakota Development FundVC Round
State of North DakotaDebt

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 28, 2026

    Completed a follow-on offering round.

  • Sep 1, 2025

    O'Leary Ventures participated in a VC Round.

North American Iron Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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North American Iron Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about North American Iron's valuation, stock price, and market status.

Firmographic Details

HeadquartersMinot, North Dakota
Employee Range3
Year Founded2021
Last FundingJun 28, 2026

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