We successfully synthesized a novel intermetallic compound with the -type crystal structure. A structural study is presented combining single-crystal X-ray diffraction and Mössbauer spectroscopy analysis, confirming the presence of two distinct Fe sublattices. exhibits a metallic ferromagnetic state with . This material does not follow the usual Arrott law, rather a modified Arrott law is obeyed in this material. The critical exponents determined from detailed analysis of modified Arrott plots were found to be , and obtained from the critical isotherm at . Self-consistency and reliability of the critical exponent analysis were verified by the Widom scaling law and scaling equations. Using the results from renormalization group calculation, the critical behavior of is akin to that of a ferromagnet in which the magnetic exhange distance is found to decay as with long-range magnetic coupling. The evaluated Rhodes-Wohlfarth ratio of points to an itinerant ferromagnetic ground state. Low-temperature measurements of resistivity, , and specific heat, , reveal a pronounced contribution from electron-magnon scattering.

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