Forgive me, I am new and have little to no experience with circuitry. I am very sorry if this is not the right place to ask or this forum is intended for more experienced people.
Hi, I have a Pro Fitness JX 260 / JX 263. I read up online that the circuit breaks and doesn't allow the treadmill to work without the magnet safety key, making a continous beeping sound which seems to be what is happening. I ordered a replacement magnet key, and also tried the original, but there is nothing on the inside to 'attach' the magnet to anymore, it did attach just a few days prior but not anymore. It has lost all its magnetism. I opened it up and looked inside, moved the magnet around the inside where the safety key should attach to, there is nothing there to attach to. It's almost as if the magnet disappeared or lost all its magnetism. Removed the cables and reattached, didn't work either.
Below is the picture of the part the magnet should be attaching to. You can see my attempt to dig out the gel or whatever that is to try to move the wiring around and try to get it to work.

Below is the part where the magnet should be attached to
Below is where the other side of the magnet (safety key) should attach from

The pcb

My first guess is the wire I'm holding in the last picture (attached to the pcb the part which the magnet safety key should attach to) has stoppped working and lost its magnetism or a loose part i cannot find has broken off it. I am trying to identify what this part is and if i can find a replacement/bypass for this.
Hi, I have a Pro Fitness JX 260 / JX 263. I read up online that the circuit breaks and doesn't allow the treadmill to work without the magnet safety key, making a continous beeping sound which seems to be what is happening. I ordered a replacement magnet key, and also tried the original, but there is nothing on the inside to 'attach' the magnet to anymore, it did attach just a few days prior but not anymore. It has lost all its magnetism. I opened it up and looked inside, moved the magnet around the inside where the safety key should attach to, there is nothing there to attach to. It's almost as if the magnet disappeared or lost all its magnetism. Removed the cables and reattached, didn't work either.
Below is the picture of the part the magnet should be attaching to. You can see my attempt to dig out the gel or whatever that is to try to move the wiring around and try to get it to work.

Below is the part where the magnet should be attached to


The pcb

My first guess is the wire I'm holding in the last picture (attached to the pcb the part which the magnet safety key should attach to) has stoppped working and lost its magnetism or a loose part i cannot find has broken off it. I am trying to identify what this part is and if i can find a replacement/bypass for this.