1974:
Ferrous Wheel® is invented by Magnetation founder, Al Fritz
1992:
Al Fritz licenses technology to Eriez Magnetics
Dec. 2006:
Magnetation Inc. is incorporated by Rod Hunt & Al Fritz
Jan. 2008:
Larry Lehtinen becomes principal owner, CEO and Chairman of the Board
July 2008:
Magnetation breaks ground on Plant 1 at Mesabi Chief 3 tailings basin
Feb. 2009:
Plant 1 first commercial shipment, nine months and one week from permit application!
Q2 2009:
Magnetation engineers invent Rev3™ Separator
Apr. 2010:
Start-up of Rev3™ Separator™ at Plant 1
Tear down of Ferrous Wheels completed
May 2010: Magnetation executes long-term off-take with AHMSA Oct. 2010:
Construction begins on Plant 1 expansion to 400,000 wmt/yr Jan. 2011: Magnetation announces Joint Development Agreement with Cargill to build Magnetation Process™ plants around the world July 2011: Plant 2 Construction Begins August 2011: Magnetation executes joint venture with Steel Dynamics to build a 1 Mmt/yr Magnetation Process plant near Chisholm, MN August 2011: Construction begins on Jessie Load-out rail terminal |  Ferrous Wheel® (Registered Trade Mark of Eriez Magnetics) Invented by Al Fritz
 Larry Lehtinen, Chairman and CEO
 Construction of 1st Rev3™ Separator
 Rev3™ Separator, Model 3.0
 Plant 2 Construction Site Near Taconite, MN  Jessie Load-out Construction Site near Coleraine, MN |
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