Micromem Announces Proposed Private Placement

Toronto, Ontario and New York, New York,--(Newsfile Corp. - September 30, 2025) - 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 placing common share units at a price of CAD $0.055 per unit (a "Unit") for a total of up to CAD $400,000, subject to a 50% discretionary increase. Each Unit is comprised of one common share and one warrant exercisable at CAD $0.06 per share fo ...