Micromem Announces Private Placement
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...
2024-03-08 3:55 PM EST
Micromem - Update on Joint Development and Licensing Agreements with Chevron, AGM
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. Currently, Micromem and Chevron are...
2024-02-12 4:00 PM EST
Micromem Closes Private Placement
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...
2024-01-16 3:55 PM EST
Micromem Update on Meeting with Chevron
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. Our Chief Financial Officer met with the Chevron team in their offices on December 4th. It was agreed that Chevron and Micromem will execute a current joint development agreement in Q1 2024. This updated version will...
2023-12-12 4:00 PM EST
Micromem Announces Proposed Private Placement
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...
2023-12-05 3:48 PM EST
Micromem Announces Proposed Private Placement
Ontario and New York, New York--(Newsfile Corp. - November 7, 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$0.07 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$0.08 per share and maturing in 12 months. The gross...
2023-11-07 3:55 PM EST
Micromem Update on Purchase Orders
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...
2023-09-25 8:30 AM EDT
Micromem Announces Private Placement
Ontario and New York, New York--(Newsfile Corp. - September 19, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces a proposed private placement (the "Private Placement") of common shares and convertible debenture(s) for aggregate gross proceeds of CDN$194,000. It is anticipated that the Company will place a total of 625,000 common shares at CDN$0.08 per share for gross proceeds of CDN $50,000, and convertible debenture(s) for gross proceeds of...
2023-09-19 7:51 PM EDT
RETRANSMISSION: Micromem-Chevron Meeting Update
Ontario and New York, New York--(Newsfile Corp. - August 11, 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 t
2023-08-11 8:41 AM EDT
Micromem-Chevron Meeting Update
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. Chevron and the Company initially conducted beta testing of this technology in field tests in Lost Hill California in 2019-2020. These tests were the basis for Micromem's later...
2023-08-10 4:00 PM EDT
Micromem Receives Second Purchase Order
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...
2023-07-27 9:00 AM EDT
Micromem Receives ARTRA Gas Specifications
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...
2023-07-13 1:00 PM EDT
Micromem Received Purchase Order
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...
2023-07-05 8:30 AM EDT
Micromem Expands Opportunity in Romania
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...
2023-06-29 12:34 PM EDT
Micromem Progress Report on Romanian Projects
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. The ARTRA technology has been developed by our Silicon Valley based engineering partner and was previously successfully tested by Chevron in...
2023-06-26 8:00 AM EDT
Micromem Update on Projects in Romania
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...
2023-06-05 4:00 PM EDT
Micromem Announces Private Placement
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...
2023-05-25 3:55 PM EDT
Micromem Announces Closing of Private Placement
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...
2023-04-28 4:30 PM EDT
Micromem Power Line Monitoring Project Update
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...
2023-04-19 9:29 AM EDT
Micromem Undertakes Private Placement
Ontario and New York, New York--(Newsfile Corp. - April 12, 2023) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces its intention to raise gross proceeds of up to $300,000 CDN (subject to an up to 50% increase at the discretion of the Company) through a non-brokered private placement of its common shares at $0.12CDN per share. Micromem has requested and received price protection from the Canadian Securities Exchange. The Company anticipates that it...
2023-04-12 3:55 PM EDT