Micromem Closes Private Placement

Toronto, Ontario and New York, New York--(Newsfile Corp. - October 10, 2025) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces closing of its non-brokered private placement (the "Private Placement") previously announced in its news release issued on September 30, 2025. Micromem raised gross proceeds of approximately C$498,652 by placing a total of 9,066,400 units at a price of C$0.055 per unit, each unit being comprised of one common share and one warrant exerci ...