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Micromem Technologies, Inc. Ordinary Shares (Canada) (PK:MMTIF)

Business Focus: N/A

Mar 08, 2024 03:55 pm ET
Micromem Announces Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 8, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") is proceeding with a non-brokered private placement (the "Private Placement") by issuing a total of 1,316,007 common shares at CDN$0.065 per share pursuant to a price protection received on February 26, 2024. The gross proceeds being raised in this Private Placement amount to approximately CDN$85,540. Micromem intends to use the proceeds raised through the Private Placement for working capital, including paying outstanding debt. All securities to be issued pursuant to the Private Placement will be subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Feb 12, 2024 04:00 pm ET
Micromem - Update on Joint Development and Licensing Agreements with Chevron, AGM
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 12, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") is pleased to provide a current update on its dealings with Chevron. As previously reported Micromem's CFO met most recently with Chevron's team at their Houston offices on December 4, 2023, regarding the automated tracer technology. Further discussions took place last week, the week of February 5, 2024.
Jan 16, 2024 03:55 pm ET
Micromem Closes Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - January 16, 2024) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") is pleased to announce the closing of its non-brokered private placement (the "First Private Placement") previously announced in its news release issued on December 5, 2023. Pursuant to the First Private Placement, Micromem issued a total of 1,900,000 common shares at CDN$0.06 per share raising gross proceeds of approximately CDN$114,000 and a convertible debenture raising gross proceeds of approximately CDN$109,900. The convertible debenture bears an interest rate of one percent (1%) per month with a conversion option at CDN$0.07 per share and maturing in 12 months. In connection with the First Private Placement, Micromem paid a finder's fee of $3,780 in cash and issued 63,000 broker warrants exercisable for two years at CAD$0.095 per share. Micromem raised an aggregate of approximately CDN$223,900 in the First Private Placement.
Dec 12, 2023 04:00 pm ET
Micromem Update on Meeting with Chevron
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 12, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide a current update on the ongoing discussions with Chevron regarding the automated tracer technology.
Dec 05, 2023 03:48 pm ET
Micromem Announces Proposed Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 5, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces the intention to proceed with a non-brokered private placement (the "Private Placement") by issuing common shares at CDN$0.06 per share and/or convertible debenture(s), bearing an interest rate of twelve percent (12%) per annum compounded daily, with a conversion option at CDN$0.07 per share and maturing in 12 months. The gross proceeds to be raised in this Private Placement would be up to CDN$150,000 provided that the Company may decide in its sole discretion to increase the size of the offering by up to 50%. Micromem intends to use the proceeds raised through the Private Placement for working capital, including paying outstanding debt. All securities to be issued pursuant to the Private Placement will be subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals. Micromem will no longer proceed with the financing announced in the news release issued on November 7, 2023.
Sep 25, 2023 08:30 am ET
Micromem Update on Purchase Orders
Toronto, Ontario and New York, New York--(Newsfile Corp. - September 25, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce that it has received the first installment payment towards the purchase order received for the initial sale of 2 of its ARTRA units (the "Units") for its project in Romania. This first installment of $63,800 USD is one of 4 payments to be received; the total funds to be received by Micromem for these initial 2 units will exceed $280,000 USD.
Aug 11, 2023 08:41 am ET
RETRANSMISSION: Micromem-Chevron Meeting Update
Yesterday's release, dated Aug 10th, 2023, is being retransmitted to include the Middle East in the fifth paragraph and the full statement now reads, "We believe that the ongoing collaboration with Chevron will enhance and accelerate this development and, ultimately will provide the opportunity for deployment with other energy companies in North America, Europe, and the Middle East." The updated press release follows in full below:
Aug 10, 2023 04:00 pm ET
Micromem-Chevron Meeting Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - August 10, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide a current update on our ongoing discussions with Chevron regarding the automated tracer technology which the Company continues to pursue.
Jul 27, 2023 09:00 am ET
Micromem Receives Second Purchase Order
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 27, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce that the Company has received a second purchase order for an ARTRA unit for delivery to Romania. This build is the first order for a unit for use in the natural gas industry and follows the order previously announced on July 5th for the oil well project. This additional purchase order expands the market opportunities for Micromem with our Romanian partners. With ongoing global supply chain constraints, Micromem's expected delivery of this unit is 16-18 weeks, with evaluation to take an additional 4-6 weeks. When the initial unit is shipped to Romania, Micromem will report revenues from this product sale. This unit will be built by our California-based contractor/partner, Entanglement Technologies.
Jul 13, 2023 01:00 pm ET
Micromem Receives ARTRA Gas Specifications
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 13, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce it has received the detailed specifications for an ARTRA natural gas unit (the "Unit") which is to be delivered to Romania. The Unit specifications will allow for the Company's first sale of a diagnostic ARTRA unit relating to natural gas wells. This Unit, which is now being costed, will be built in California by our engineering partner firm, Entanglement Technologies. The Unit will be utilized for testing purposes and to assess the viability for widespread adoption and use in operating gas wells; it is intended to be an integral component of an interconnected smart network for commercial gas wells. This opportunity to expand Micromem's market for the ARTRA unit to the natural gas well market is a logical extension of Micromem's initiatives in the energy sector; it provides the Company the opportunity, going forward, to advance the development of a comprehensive analytics capability for operating gas and oil wells.
Jul 05, 2023 08:30 am ET
Micromem Received Purchase Order
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 5, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce, further to the previous news released on June 29th, the Company has received a purchase order for the delivery of an ARTRA oil unit for delivery to Romania. This purchase order is separate from the order expected for the gas well project. The oil unit is similar in configuration and operation to the unit Micromem delivered to Chevron that was successfully tested in 2019-2020. With global supply chain constraints, Micromem's expected delivery of the unit is 12-15 weeks, with evaluation to take an additional 2-3 weeks. When the initial unit is shipped to Romania, Micromem will begin reporting product sales.
Jun 29, 2023 12:34 pm ET
Micromem Expands Opportunity in Romania
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 29, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce it has received the detailed specifications for an ARTRA oil unit (the "Unit") to be delivered to Romania. The Unit, in operation and type, is a similar Unit that was delivered to Chevron and successfully tested in Lost Hills California. This Unit, which is now being costed, will be built in California by our engineering partner firm, Entanglement Technologies and will be utilized for lab testing as well as to determine the viability for use in the field with the objective of designing an interconnected smart network in the oil field. This is a new opportunity for Micromem.
Jun 26, 2023 08:00 am ET
Micromem Progress Report on Romanian Projects
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 26, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce that our engineering team has now fully responded to the specifications required by the Company in order to utilize the ARTRA technology units for the oil and gas wells in Romania.
Jun 05, 2023 04:00 pm ET
Micromem Update on Projects in Romania
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 5, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") has been advised that the work plan being developed by our team in Romania is expected to be completed mid-June. The work plan incorporates all the requirements for the ARTRA system and a schedule for the roll out of each phase. The team that Micromem and its partners have assembled to complete this work will be Chaired by Professor Dan Ioan Gheorghiu, and co-chaired by Professor Alin Dinita and Professor Karl Cosmin Banica.
May 25, 2023 03:55 pm ET
Micromem Announces Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - May 25, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces its intention to raise gross proceeds of C$21,000 through a non-brokered private placement by issuing 200,000 common shares at C$0.105 per share (the "Private Placement"). It is expected that closing will occur on or about the date that is five business days after the date of this news release. The Company anticipates that it will use the proceeds for general working capital, including payment of outstanding debt. All securities issued pursuant to the Private Placement will be subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Apr 28, 2023 04:30 pm ET
Micromem Announces Closing of Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 28, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces the closing of its private placement (the "Private Placement") of common shares. The Company has placed a total of 2,939,500 common shares at CDN$0.12 per share and is raising gross proceeds of approximately CDN $352,740. The Issuer intends to use the Private Placement proceeds for general working capital and repayment of debt. All securities issued pursuant to the Private Placement are subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Apr 19, 2023 09:29 am ET
Micromem Power Line Monitoring Project Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 19, 2023) -  Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") has made a significant commitment since 2020 to build its expertise and its profile in technology designed for comprehensive, real time electrical power line monitoring. Micromem personnel have attended multiple industry trade shows dealing with the electricity transmission sector. In 2021 the Company hired two graduate students in mechanical and electrical engineering for a term of 16 months each. Their role was to investigate market conditions and needs in the sector and to evaluate available technologies based in North America and in Europe. Micromem forged a dialogue and a working relationship with two Canadian-based companies - the first of which is a large utility and the second one is a developer of energy storage technology.
Apr 11, 2023 04:15 pm ET
Micromem Romanian Project Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 11, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce it has been advised that the algorithms for the analytics will be complete in time for installation on the 2 Initial Units that were previously announced. The University and WING have selected project leads and teams for the analytic solutions, ARTRA technology and powerline monitoring (PLM) work. The Company expects the work plan and the milestone requirements for the lab units, followed by field trials schedules, will be completed during this month, along with the full timetables for an anticipated successful deployment of the technology.
Apr 06, 2023 04:15 pm ET
Micromem Grant of Options
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 6, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or "the Company") announces the issuance of 1,000,000 options to purchase common shares of the Company (the "Options") at a strike price of $0.16 CDN/$0.12 USD, in accordance with the 2020 Micromem Technologies Inc. Stock Option Plan. The 1,000,000 Options expiring April 6, 2024 have been granted to a consultant as compensation for work relating to the Company's project with Romgaz, Transelectrica, and analytics development.
Apr 04, 2023 04:00 pm ET
Micromem Receives Purchase Order
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 4, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce it has received the purchase order referred to in its previous press release dated March 27, 2023 for two ARTRA technology units (the "Initial Units"). The receipt of this purchase order is Phase Two (of three phases) of the agreement completed between WING[1], Universitatea Petrol SI Gaze Ploiesti (the "University"), Augustine Professionals and the Company (the "Agreement"). The Initial Units will be identical to the ARTRA technology that Micromem previously delivered to Chevron with modifications for operation in Romania; these Initial Units will be built in the United States. Following delivery, the University's team will complete their assessment of the required modifications necessary for these Initial Units to conform with all required specifications for a well-mounted device that incorporates all of the analytics software ("Configured Units").
Mar 27, 2023 04:05 pm ET
Micromem Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 27, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company"). Micromem is pleased to announce that it has completed its agreement ("Agreement") between WING[1], Universitatea Petrol SI Gaze Ploiesti (the "University"), Augustine Professionals and the Company. This Agreement governs three phases of development for Micromem's projects in Romania.
Mar 24, 2023 05:00 pm ET
Micromem Announces Closing of Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 24, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces the closing of its private placement (the "Private Placement") of common shares. The Company has placed a total of 5,100,000 common shares at CDN$0.05 per share raising gross proceeds of CDN $255,000. The Issuer intends to use the Private Placement proceeds for general working capital and repayment of debt. All securities issued pursuant to the Private Placement are subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Mar 20, 2023 03:39 pm ET
Micromem Grant of Options
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 20, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") or ("the Company") announces the issuance of 2,000,000 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 and employees at a strike price of $0.10 CDN/$0.07 USD and will expire March 20, 2028.
Dec 28, 2022 04:00 pm ET
Micromem Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 28, 2022) -  Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company"). The Company has had a busy year in its ongoing operations. The COVID-19 pandemic delayed much of Micromem's plans and progress with its partners during 2022. As the COVID-19 situation abated during the second half of the year, the Company has interacted with its partners to move its joint initiatives and projects forward as quickly as possible.
Oct 11, 2022 02:41 pm ET
Micromem Grant of Options
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 11, 2022) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") or ("the Company") announces 2,000,000 options granted to a consultant as compensation for work relating to the Company's project with Romgaz on October 8, 2021 have expired. The Company is issuing 2,000,000 options to purchase common shares of the Company (the "Options") at a strike price of $0.09 CDN/$0.07 USD, in accordance with the 2020 Micromem Technologies Inc. Stock Option Plan, to the same consultant, expiring October 11, 2023.
Jul 20, 2022 04:00 pm ET
Micromem - Romgaz Project, University of Ploiesti Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 20, 2022) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide the following update. The University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) ("the University") has now executed an agreement with Micromem. This agreement will govern the development and project specific modifications to the tracer detection technology and, in addition, the analytics software development.
May 20, 2022 03:30 pm ET
Micromem Announces Closing of Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - May 20, 2022) -  Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces the closing of its private placement (the "Private Placement") of common shares and convertible debentures for aggregate gross proceeds of CDN$282,000. The Company has placed a total of 1,800,000 common shares at CDN$0.05 per share raising gross proceeds of CDN $90,000. In addition, Micromem has placed three convertible debentures raising gross proceeds of CDN$192,000, with each debenture bearing an interest rate of twelve percent (12%) per annum compounded daily, with a conversion option at $0.05 per share and maturing in 12 months The Issuer intends to use the Private Placement proceeds for general working capital. All securities issued pursuant to the Private Placement are subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Nov 12, 2021 04:00 pm ET
Micromem Announces Closing of Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - November 12, 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 $0.055 CDN per share for aggregate gross proceeds of $126,500 CDN. The Company is issuing a total of 2,300,000 common shares in this Private Placement that closed on November 11, 2021. Micromem intends to use the proceeds for general working capital including debenture repayments. The common shares being issued pursuant to the Private Placement shall be subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Oct 22, 2021 06:00 pm ET
Micromem Announces Closing of Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 22, 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 $0.055 CDN per share for aggregate gross proceeds of $94,768 CDN. The Company is issuing a total of 1,723,055 common shares in this Private Placement that closed on October 22, 2021. Micromem intends to use the proceeds for general working capital including debenture repayments. The common shares being issued pursuant to the Private Placement shall be subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals.
Oct 08, 2021 05:00 pm ET
Micromem Grant of Options
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 8, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or ("the Company") announces the issuance of 3,000,000 options to purchase common shares of the Company (the "Options") at a strike price of $0.09 CDN/$0.07 USD, in accordance with the 2020 Micromem Technologies Inc. Stock Option Plan. A total of 1,000,000 Options expiring October 8, 2026 have been issued to directors and officers and 2,000,000 Options expiring October 8, 2022 have been granted to a consultant as compensation for work relating to the Company's project with Romgaz.
Jul 30, 2021 04:00 pm ET
Micromem Announces 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 debenture repayments. The common shares being issued pursuant to the Private Placement shall be subject to a four-month holding period. The Private Placement remains subject to final regulatory approvals. 
Jun 29, 2021 05:00 pm ET
Micromem Update: 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:
May 18, 2021 09:00 am ET
Micromem Romgaz Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - 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.
May 06, 2021 02:30 pm ET
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 Transport Department and Prof. univ. habil. dr. ing. Florinel Dinu, Rector of the University will be leading the project and providing the required expertise to review and modify Micromem's current design for use in Romgaz's gas wells.
Mar 05, 2021 04:00 pm ET
Micromem Announces 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 Private Placements, the Company is paying cash fees to arm's length parties totaling $975 CDN. The Issuer intends to use the proceeds for general working capital, including audit, legal and professional fees as a result of our year end, as well as annual listing and regulatory filing fees, in addition to debt payables and debenture repayments.
Feb 02, 2021 04:00 pm ET
Micromem - 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.
Dec 01, 2020 04:00 pm ET
Micromem Announces Closing of Financings and Settlement of Debt
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.
Nov 13, 2020 05:00 pm ET
Micromem Grant of Options
Toronto, Ontario and New York, New York--(Newsfile Corp. - November 13, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") or ("the Company") 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 2,040,000 options were cancelled.
Nov 05, 2020 03:25 pm ET
Micromem - Current Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - 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.
Sep 18, 2020 03:45 pm ET
Micromem Post Annual Meeting Announcement, Cancellation of Options, Completes Financing
Toronto, Ontario and New York, New York--(Newsfile Corp. - September 18, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the results of its Annual General and Special Meeting of Shareholders held on September 8, 2020.
May 01, 2020 12:00 pm ET
Micromem Provides Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - May 1, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following current update.
Mar 26, 2020 05:00 pm ET
Micromem Interim Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 26, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended January 31, 2020 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Mar 23, 2020 11:24 am ET
Micromem Provides Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 23, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following update on its current projects. Micromem has been in discussions with both Chevron and Romgaz throughout the last quarter and as recently as March 20, 2020. Micromem has been advised by each partner that the respective projects are proceeding. Micromem and both partners have agreed to adjust scheduling as a result of the COVID-19 pandemic forcing staff reductions and travel restrictions that is affecting all suppliers, manufacturers and installers.
Feb 28, 2020 05:30 pm ET
Micromem Annual Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 28, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its audited financial statements for the year ended October 31, 2019 together with the Management's Discussion & Analysis and SEC Form 20F on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Feb 07, 2020 05:00 pm ET
Micromem Announces Closing of Financings
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 7, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or "the Company") is pleased to announce the closing of a non-brokered private placement (the "Private Placement") of 10,008,491 common shares at $0.053 CDN per share for aggregate gross proceeds of $530,450. The Issuer will use the proceeds for general working capital.
Dec 20, 2019 08:30 am ET
Micromem Releases Responses to Romgaz/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 the work completed on the AROMA Tracer analyzer technology (ARTRA 171) and its numerous uses in smart well technology and the Internet of Things (IOT) applications.
Nov 21, 2019 09:30 am ET
Micromem Announces Romgaz Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - November 21, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide an update following our announcement on October 2, 2019 that a Letter of Intent ("LOI") was signed with Romgaz, wherein Romgaz will acquire and install approximately 3,400 ARTRA units over the next 24 months at a facility in Romania. The Company has been advised that Romgaz is proceeding with the project and further due diligence. In addition, a manufacturer in Romania has been identified. Micromem will provide further updates as they become available.
Oct 02, 2019 02:00 pm ET
Micromem Announces New Client, Romgaz
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 2, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce that it has executed a Letter of Intent ("LOI") with Romgaz (https://www.romgaz.ro/). Under the terms of the LOI, Romgaz will acquire and install approximately 3,400 ARTRA units over the next 24 months at their facility in Romania.
Sep 25, 2019 05:00 pm ET
Micromem: Interim Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - September 25, 2019) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended July 31, 2019 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Jul 29, 2019 11:41 am ET
Micromem Provides Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 29, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide the following update on its progress with the current negotiations that it has been conducting with Repsol SA ("Repsol") .
Jul 11, 2019 09:23 am ET
Micromem Provides Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 11, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following update.
Jun 28, 2019 04:10 pm ET
Micromem: Interim Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 28, 2019) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended April 30, 2019 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Mar 26, 2019 06:00 pm ET
Micromem: Interim Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 26, 2019) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company")  announces it has filed its interim financial statements for the period ended January 31, 2019 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Mar 20, 2019 09:00 am ET
Micromem Provides Update on Chevron AROMA Project
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 20, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), is pleased to announce it has delivered unit 0001 of the ARTRA 171 to a Chevron Corporation ("Chevron") oil field. Unit 0001 is now installed and operational and is producing results as part of the pilot project rolling out this technology.
Mar 01, 2019 04:00 pm ET
Micromem: Annual Filings and Financing Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 1, 2019) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its audited financial statements for the year ended October 31, 2018 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Feb 05, 2019 12:40 pm ET
Micromem Provides Update on Chevron AROMA Project
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 5, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company"), through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), is pleased to announce the following update on the status of the ATRA 171 project it has been developing over the last 5 years with its oil company partner, Chevron Corporation (NYSE: CVX).
Jan 21, 2019 04:25 pm ET
Micromem Financing Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - January 21, 2019) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the closing of non-brokered private placement totaling $21,000 USD at $0.0.06 USD per common share. The proceeds are committed to general working capital and repaying debentures. The common shares issued pursuant to the Private Placement shall be subject to restrictions.
Dec 05, 2018 05:00 pm ET
Micromem Financing Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 5, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the closing of non-brokered private placement totaling (the "Private Placements") $50,000 USD at $0.038 USD per common share. The proceeds are committed to general working capital and repaying debentures. The common shares issued pursuant to the Private Placement shall be subject to restrictions.
Oct 31, 2018 05:00 pm ET
Micromem Financing Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 31, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the closing of non-brokered private placement totaling (the "Private Placements") $30,000 CDN at $0.05 CAD per common share. The proceeds are committed to general working capital and repaying debentures. The common shares issued pursuant to the Private Placement shall be subject to a four month and one day hold period.
Oct 22, 2018 04:00 pm ET
Micromem Financing Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 22, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the following:
Oct 05, 2018 05:00 pm ET
Micromem Financing Update
About Micromem and MASTInc 
Oct 01, 2018 04:00 pm ET
Micromem: Interim Filings
Listing: NASD OTC-QB - Symbol: MMTIFCSE - Symbol: MRMShares issued: 247,521,938SEC File No: 0-26005Investor Contact: [email protected]; Tel. 416-364-2023Subscribe to receive News Releases by Email on our website's home page www.micromeminc.com.
Aug 28, 2018 04:00 pm ET
Micromem Provides Current Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - August 28, 2018) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), provides the following update:                                    
Aug 07, 2018 05:00 pm ET
Micromem Announces Financings
Toronto, Ontario and New York, New York--(Newsfile Corp. - August 7, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the completion of unsecured convertible debentures totaling $114,883 CAD, bearing an interest rate of one percent (1%) per month, calculated daily, maturing in six months. At any time prior to repayment, the outstanding principal and interest of the convertible debenture may be converted, at the option of the lender, into common shares of the Company at a price per common share of $0.10 CAD.
Jul 27, 2018 05:15 pm ET
Micromem Announces Financings
Toronto, Ontario and New York, New York--(Newsfile Corp. - July 27, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce the closing of a non-brokered private placement (the "Private Placement") of 1,484,622 common shares at $0.09 CAD per common share. The aggregate gross proceeds raised in this Private Placement amount to $133,616 CAD. The proceeds are committed to general working capital and repaying debentures. The common shares issued pursuant to the Private Placement shall be subject to a four month and one day hold period. The closing of the Private Placement remains subject to final regulatory approvals.
Jun 29, 2018 05:00 pm ET
Micromem: Interim Filings and Option Grant
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 29, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended April 30, 2018 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Jun 22, 2018 05:00 pm ET
Micromem Announces Closing of Non-Brokered Private Placement
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 22, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce the closing of a non-brokered private placement (the "Private Placement") of 1,562,500 common shares at $0.11 CAD per common share. The aggregate gross proceeds raised in this Private Placement amount to $125,000 CAD. The proceeds are committed to repaying a debenture. The common shares issued pursuant to the Private Placement shall be subject to a four month and one day hold period. The closing of the Private Placement remains subject to final regulatory approvals.
Jun 05, 2018 06:00 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 5, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the Company renewed a convertible unsecured debenture totaling CAD$180,000 as originally secured in February, 2017 with a maturity date of October 5, 2018 and a conversion price of CAD$0.13, all other terms remain unchanged. 38,295 shares were issued as interest paid to date on this loan. The Company also repaid a convertible unsecured debenture totaling CAD$205,858 including interest.
May 29, 2018 01:32 pm ET
Micromem: Update on the ATRA-171 Tracer Detection Platform
Toronto, Ontario and New York, New York--(Newsfile Corp. - May 29, 2018) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), is pleased to report that with our development partner, a major multi-national energy corporation, that all results from testing on the MAST ATRA-171 tracer detection platform are in and we can report as follows:
May 14, 2018 05:30 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - May 14, 2018) - Micromem Technologies Inc. ("Micromem") ("the Company") (CSE: MRM) (OTCQB: MMTIF) announces it has extended two unsecured convertible debentures totaling $1,060,000 CDN to October 26, 2018 that matured in April, 2018; and two unsecured convertible debenture totaling $300,000 CDN and $200,000 USD to November, 2, 2018, that matured in May, 2018 with all other terms remaining the same. The Company repaid unsecured debentures totaling $20,000 originally secured in April, 2017, and, $25,000 and $30,000 originally secured in January, 2017; and, partially repaid $60,000 of an unsecured debenture totaling $133,000 originally secured in January, 2017, with $73,000 being extended with other terms remaining the same; and, the Company issued 1,720,544 shares to partially repay $134,977 USD including interest of a debenture totaling $263,000, initially secured in October, 2017 of which $131,500 remains outstanding and due in October, 2018.
Apr 30, 2018 03:20 pm ET
Micromem: ARTRA-171 Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 30, 2018) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), announced the release of the ARTRA-171 in situ oil and gas tracer in a press release dated January 23 and the launch at the SPE conference in a press release dated April 12. In addition to the release of the tracer we advised in our recent MD&A that we expected to meet with our oil company partner in April to complete our commercialization contract. Due solely to our partners' scheduling issues the meeting is now scheduled for the week of May 21, 2018. The agenda includes the planned roll out schedule and the Company still expects to realize commercial revenues in 2018.
Apr 12, 2018 03:58 pm ET
Micromem: Successful Product Launch at Recent ABU Dhabi SPE Conference
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 12, 2018) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), is pleased to report on the successful launch of our ARTRA-171 Oil Well in situ Tracer Detection Platform at the recent ABU Dhabi Society of Petroleum Engineers (SPE) global workshop on "Improved Decision Making through Tracer Technology". The technical presentation on the new product innovation was well received by the conference audience. Steven Van Fleet, President of MAST, met with principles from many of the major tracer detection service companies and major end users and demonstrated the product functionality and performance levels. As a result of this conference MAST has prepared and issued twelve commercial proposals that include product sales and/or licensing for regional sales and marketing representation for various jurisdictions around the world. In addition, licensing proposals involving technology transfer and long-term licensing revenue back to MAST are in progress with the major oil and gas service provider companies. These twelve proposals do not include our current oil & gas partner and represent global distribution of this product.
Apr 04, 2018 05:30 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 4, 2018) - Micromem Technologies Inc. ("Micromem") ("the Company") (CSE: MRM) (OTCQB: MMTIF) announces the completion of private placements totaling $36,000 CDN ($28,500 USD) at $0.12 CDN ($0.095 USD) per common share. The shares issued are subject to resale restrictions under applicable securities laws.
Apr 03, 2018 05:30 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - April 3, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended January 31, 2018 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Mar 09, 2018 06:00 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 9, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company")  announces completion of private placements totaling $32,000 CAD at $0.17 CAD per Common Share and the issuance of 152,000 shares that were issued at a price of $0.30 CDN to repay interest on debentures initially secured in February, 2017. The Company also issued 79,765 common shares as payment for services rendered, at a price of $0.17 CDN per share. The shares issued are subject to resale restrictions under applicable securities laws.
Mar 05, 2018 03:51 pm ET
Micromem: Annual Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - March 5, 2018) - Micromem Technologies Inc. ("Micromem") ("the Company") (CSE: MRM) (OTCQB: MMTIF) announces it has filed its audited financial statements for the year ended October 31, 2017 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Feb 26, 2018 12:27 pm ET
Micromem: MAST, Inc. in Abu Dhabi at the 2018 SPE Workshop
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 26, 2018) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), is pleased to announce that we are attending and presenting in the 2018 SPE (Society of Petroleum Engineers) workshop on Improved Decision Making Through Tracer Technology. The workshop is scheduled for March 14-16 in Abu Dhabi, United Arab Emirates.
Feb 16, 2018 05:00 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 16, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces:
Feb 12, 2018 08:30 am ET
Micromem: Final Testing Completed; New In-situ Tracer Detection Platform Launched by MAST for Field Installation
Toronto, Ontario and New York, New York--(Newsfile Corp. - February 12, 2018) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies, Inc. (MAST), and in conjunction with its technology partner Entanglement Technologies, Inc. (“Entanglement”) announces that the AROMA model ATRA171 tracer detector analyzer has successfully passed all final performance testing and is now released to the market for field installations.  The technology positions the companies to become global leaders in intelligent, in-situ automated oil and gas tracer detection platform delivery.
Jan 23, 2018 11:58 am ET
Micromem Releases Commercialized Next Generation Tracer Detection Product
Toronto, Ontario and New York, New York--(Newsfile Corp. - January 23, 2018) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce the commercial release of the AROMA Tracer Detection product ("AROMA"). This innovative, first in the world, product is the result of a four-year joint development agreement with a major oil and gas energy production company. Please refer to the attached product data sheet for a description of the product.
Jan 19, 2018 05:30 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - January 19, 2018) - Micromem Technologies Inc. ("Micromem") ("the Company") (CSE: MRM) (OTCQB: MMTIF) announces:
Dec 20, 2017 04:00 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 20, 2017) - Micromem Technologies Inc. ("Micromem") ("the Company") (CSE: MRM) (OTCQB: MMTIF) announces that Collins Barrow LLP (now known as RSM Canada LLP) have resigned at the request of Micromem, as the Company's independent auditors for the fiscal year ended October 31, 2017. MNP LLP has been appointed as the Company's new independent auditors for the year then ended.
Dec 14, 2017 08:00 am ET
Micromem: Update on Projects
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 14, 2017) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), provides an update on current projects.
Oct 27, 2017 06:00 pm ET
Micromem: Update
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 27, 2017) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces that its oil company partner has awarded the Company an additional contract valued at approximately $1 million USD to be completed over the next 4-6 months.
Oct 18, 2017 04:00 pm ET
Micromem: Debenture Conversion
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 18, 2017) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the amendment of the price of the convertible unsecured debenture totaling CAD$700,759 from the original conversion price ranging from USD$0.21 to the amended conversion price equal to the previous day's closing price of CAD$0.155. Immediately following the amendment of the exercise price, the debentures will convert into a total of 4,521,026 common shares of the Company. None of the debentures described in this announcement are held by insiders of the Company, nor will the issuances of common shares create any new insiders or control persons of the Company.
Oct 06, 2017 05:18 pm ET
Micromem: Debenture Extension and Conversion
Toronto, Ontario and New York, New York--(Newsfile Corp. - October 6, 2017) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces that the convertible unsecured debenture totaling CAD$50,000 announced September, 2016 has matured, and that the debenture holder has agreed to accept repayment of the principal, including interest, through the issuance of 362,239 common shares at a conversion price equal to the previous day's closing price of CAD$0.155. The Company also announces the convertible unsecured debentures totaling USD$500,000 previously announced on July 7, 2016, and which matured on October 2, 2017, have been cancelled and replaced with convertible unsecured debentures totaling USD$500,000. The replacement debentures will mature on February 2, 2018 and are convertible at a conversion price of USD$0.1427. All other terms remain the same as the original debentures. Finally, the Company announces the amendment of the price of the convertible unsecured debentures totaling CAD$2,295,067.92 previously announced in January, March and November, 2016 from the original conversion price ranging from CAD$0.25-CAD$0.30 to the amended conversion price equal to the previous day's closing price of CAD$0.155. Immediately following the amendment of the exercise price, the debentures will convert into a total of 14,806,890 common shares of the Company. None of the debentures described in this announcement are held by insiders of the Company, nor will the issuances of common shares create any new insiders or control persons of the Company.
Sep 29, 2017 05:30 pm ET
Micromem: Interim Filings
Toronto, Ontario and New York, New York--(Newsfile Corp. - September 29, 2017) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended July 31, 2017 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/.
Jun 26, 2017 08:02 am ET
Micromem: Announces Product Launch
TORONTO and NEW YORK, June 26, 2017 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQB:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), announces it has released for routine sale the  RT-Lube Analyzer , the first in the world instrument platform that is capable of real time, on site detection of wear elements in lubricating fluids. The Company’s initial focus is early indication of problems occurring on wind turbine gear boxes that lead to unscheduled and expensive downtime, an installation for this applica...
Dec 08, 2016 03:00 pm ET
Micromem: Castrol Innoventures Issues Order for First Round of Manufactured Units
TORONTO and NEW YORK, Dec. 08, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce that Castrol Innoventures (“Castrol”) has issued a US $100,000 purchase order for 10 evaluation units.  The Company has received payment.  This initial commercial order for the evaluation units will be used for field deployment, additional orders to follow....
Aug 11, 2016 08:32 am ET
Micromem: Update on Oil and Gas Client Product Developments
TORONTO and NEW YORK, Aug. 11, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce that, pursuant to our July 13, 2016 press release, the initial invoice has been accepted by the partner. The first payment of US $200,000 for work to be completed by the Company under this agreement will be received on or before September 8, 2016. The funds will be reported as revenue, not as a recovery of deferred development costs.  The contract v...
Jul 13, 2016 08:32 am ET
Micromem: Update on Oil and Gas Client Product Developments
TORONTO and NEW YORK, July 13, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce the advancement of its MEMS product development for the oil industry. The Company’s partner is beginning to purchase the product for initial field evaluation with their critical clients. On the final form factor MEMS product version, the engineering work is proceeding towards a foundry insertion date, which has been planned for Q416. The unit sales ...
Jul 11, 2016 08:32 am ET
Micromem: Update on Oil and Gas Client Product Developments
TORONTO and NEW YORK, July 11, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CNSX:MRM), (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce that work has begun on the next phase of our product development with one of our oil and gas partners. This phase is designed to validate field worthiness and evaluate the product for manufacturing readiness and commercialization, scheduled for 2016. The initial client payment for this work has already been invoiced and this phase will be completed ...
Jul 08, 2016 01:42 pm ET
Micromem Issues Update
TORONTO and NEW YORK, July 08, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), announces that our development projects are ongoing and are at various stages of deployment. Our project partners continue to fund the projects and historically these funds have been reported as a recovery of Deferred Development Costs. The ongoing funding of these projects by our partners is a demonstration that we are continuing to meet our development milestones and is...
Jun 09, 2016 08:35 am ET
Micromem Q and A Featured on Stockhouse
TORONTO and NEW YORK, June 09, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“the Company”) (“Micromem”) (CSE:MRM) (OTCQX:MMTIF) is pleased to announce a Q&A on the Company is featured on Stockhouse.com (http://www.stockhouse.com/opinion/interviews/2016/06/08/micromem-c-mrm-ceo-breaks-mould-with-innovative-industrial-iot-strategy), Canada’s #1 financial portal and one of North America’s largest small cap investor communities.   The Q&A will also be available on the Company’s website: http://www.micromeminc.com/investor/....
May 18, 2016 11:49 am ET
Micromem Update on Oil Condition Sensor Suite
TORONTO and NEW YORK, May 18, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), announces the oil pan plug product development has transitioned from our partner’s prototype development facility into their manufacturing facilities. The product development remains ahead of schedule with final product being ready for deployment in 2016....
Apr 27, 2016 02:15 pm ET
Micromem Update on Oil Condition Sensor Suite
TORONTO and NEW YORK, April 27, 2016 (GLOBE NEWSWIRE) -- Micromem Technologies Inc. (“Micromem”) (“the Company”) (CSE:MRM) (OTCQX:MMTIF) through its wholly owned subsidiary Micromem Applied Sensor Technologies Inc. (MAST), is pleased to announce further to the press release February 23, 2016, and as advised by the Company’s tier one manufacturing partner (“Tier One”), the evaluation by the Company’s automotive partner (“Automotive Partner”) is complete and a meeting to review the security protocol for the software took place on April 18, 2016.  The result of the review was acceptable to th...