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The direct use of an advanced binder‐free additive manufacturing technique, namely laser powder bed fusion (L‐PBF), does not easily allow obtaining variously shaped, fully dense Nd–Fe–B magnets with high coercivity. The process inherently leads to the re‐melting of the powder and appearance/disappearance of undesired/desired microstructural features responsible for low and large coercivity. In this work, the development of a useful microstructure responsible for high coercivity in Pr21Fe73.5Cu2B3.5 and Nd21Fe73.5Cu2B3.5 alloys and a possible way to produce fully dense permanent magnets via additive manufacturing processes is demonstrated using: (i) suction casting technique, which provides a high cooling rate and thus similar microstructures as in L‐PBF but requires only very small amounts of powder; (ii) conventional L‐PBF processing using kg of powder, and (iii) a subsequent annealing treatment that is similar to a conventional sintering treatment. The subsequent heat treatment is necessary to develop high coercivity by forming a novel microstructure: hard magnetic (Nd,Pr)2Fe14B grains embedded in a matrix of intermetallic (Nd,Pr)6Fe13Cu phase. Furthermore, it is demonstrated that Pr21Fe73.5Cu2B3.5 exhibits a higher coercivity than Nd21Fe73.5Cu2B3.5 because of a finer and more homogeneous grain size distribution of the Pr2Fe14B phase. The final L‐PBF printed Pr21Fe73.5Cu2B3.5 samples provide a coercivity of 0.75 T.

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