High-energy mechanical action applied to solid leads to destruction and diminution to the nanosize level. But on the other hand, it can induce structural changes at the nanoscale and at the atomic level which can result in novel materials properties. In this contribution, case studies will be presented concerned with the tailoring of magnetic properties of mechanically treated nanomaterials. Emphasis is placed on materials that have been synthesized by mechanochemical means and on an improved understanding of their nanomagnetism in general. The associated local structural changes of the iron containing magnetic materials discussed in the examples have been studied most suitably by $^{57}Fe$ Mossbauer nuclear probe spectroscopy whose results are supplemented by measurements of the magnetic properties of the mechanosynthesized nanomaterials.