Financing ·
Micromem Technologies Inc. closed a non-brokered private placement, raising gross proceeds of approximately C$148,840…
MMTIFMicromem Technologies Inc
Micromem Technologies Inc. closed a non-brokered private placement, raising gross proceeds of approximately C$148,840 by issuing 5,953,600 units at C$0.025 per unit. Each unit consists of one common share and one warrant exercisable at C$0.05 for three years, with a four-month hold period. The company intends to use the net proceeds for working capital. Additionally, Micromem extended 9,066,400 warrants originally issued in October 2025, pushing their expiry from October 8, 2026, to October 8, 2027. No insiders participated in these transactions. Micromem Technologies Inc. operates in the technology sector, developing intelligent applications and sensor solutions for industries such as oil & gas, healthcare, and manufacturing.