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Closing of Private Placement

Toronto, Ontario and New York, New York–(Newsfile Corp. – July 30, 2021) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem” or the “Company“) announces the closing of its private placement (the “Private Placement“) of common shares at $0.08 CDN per share for aggregate gross proceeds of $307,836 CDN. The Company is issuing a total of 3,847,942 common shares in this Private Placement that closed on July 28, 2021. Micromem intends to use the proceeds for general working capital including ...

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Steve Van Fleet Action Against Micromem Dismissed; Court Awards Damages to Micromem

Toronto, Ontario and New York, New York–(Newsfile Corp. – June 29, 2021) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) provides the following update:

On October 16, 2018, Steven Van Fleet commenced an action against Micromem and its subsidiary Micromem Applied Sensor Technologies, Inc. (“MAST”) alleging breach of Mr. Van Fleet’s consulting contract. Micromem and MAST denied the allegations in their answer to the complaint and interposed several counterclaims against Mr. Van Fleet, which included breach of fiduciary ...

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Micromem Romgaz Update

Toronto, Ontario and New York, New York, May 18, 2021 – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) has been advised by Romgaz representatives that the University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) (“the University”) completed a report reviewing the need for tracer monitoring technologies by Romgaz.  The University’s review resulted in the recommendation to move forward with Micromem’s tracer monitoring technologies. The Company has requested a copy of the report for its files.

Romgaz has also ...

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Micromem-Romgaz Update

Toronto, Ontario–(Newsfile Corp. – May 6, 2021) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) reports that Romgaz has advised the Company that they have engaged the Petroleum-Gas University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) to be the research arm for the tracer technology (the “Technology”). The Technology is being developed by the Company in conjunction with Romgaz for installation on their site. Prof. dr. ing. Lazar Avram, the Director of Well Drilling, Hydrocarbon Extraction and ...

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Micromem Closing of Private Placement

Toronto, Ontario and New York, New York–(Newsfile Corp. – March 5, 2021) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem” or the “Company“) announces the closing of its private placement (the “Private Placement“) of common shares at $0.065 CDN per share for aggregate gross proceeds of $549,913.11 CDN. The Company is issuing a total of 8,460,209 common shares in this Private Placement that closed in two tranches on February 25, 2021 and March 4, 2021. In connection with the ...

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Update: Romgaz

Toronto, Ontario and New York, New York–(Newsfile Corp. – February 2, 2021) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) reports that Romgaz has advised the Company that the terms of the purchase order have been finalized. Romgaz and the Company are in the process of working out scheduling details for the joint work on the analytics solution.

Under the terms of the purchase order, Micromem will initially sell two (2) units to Romgaz. ...

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Financing and Debt Settlement

Toronto, Ontario–(Newsfile Corp. – December 1, 2020) – Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem” or the “Company“) announces the closing of private placements (the “Private Placements“) of 3,542,223 common shares at $0.035 CDN per share for aggregate gross proceeds of $123,977.81 CDN. In connection with the Private Placements, the Company is paying cash fees to arm’s length parties totaling $1,932 CDN. The Issuer intends to use the proceeds for general working capital.

In addition, the Company entered into formal ...

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Grant of Options

Toronto, Ontario and New York, New York, November 13, 2020 – Micromem Technologies Inc. (“Micromem” or (“the Company”) (CSE: MRM, OTCQB: MMTIF announces the issuance of 6,500,000 options to purchase common shares of the Company (the “Options”), in accordance with the 2020 Micromem Technologies Inc. Stock Option Plan. These Options have been issued to directors, officers, employees, and a consultant at a strike price of $0.07 CDN/$0.05 USD and will expire November 13, 2025.  In September 2020, a total of ...

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Current Update

Toronto, Ontario and New York, New York, November 5, 2020 – Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”)  confirms that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

 

As disclosed in our most recent CSE Monthly Progress Report filed today, the Company continues to pursue Chevron regarding the finalization of commercialization plans for the ARTRA units.  No definitive date has yet been set ...

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Repsol / Chevron Q&A

Toronto, Ontario and New York, New York–(Newsfile Corp. – December 20, 2019) – Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) (“Micromem”) (“the Company”) is pleased to announce an update on the Romgaz due diligence process. Romgaz provided Micromem with a series of questions and the Company has worked directly with a senior engineer from Chevron to prepare the responses. The results can be found at https://micromeminc.com/wp-content/uploads/2019/12/QA-Romgaz-due-diligence-process-for-Website-PR-2019-1219.pdf. The Q & A gives an overview and a timeline of ...

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