Toronto, Ontario and New York, New York — September 4, 2026 — Leads & Copy — Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF), a company focused on developing intelligent applications for unmet market needs, announced its intention to raise up to CAD $160,000 through a non-brokered private placement of common share units. The company may also increase this amount by up to 50% at its discretion. Each unit will be priced at CAD $0.025 and will include one common share and one warrant. The warrants will be exercisable at CAD $0.05 per share for a period of three years.
Proceeds from the private placement are earmarked for working capital and debt settlement. All securities issued under this placement will be subject to a four-month hold period and require final regulatory approvals.
The offering is not registered with the U.S. Securities Act of 1933 or any state securities laws. Therefore, the securities cannot be offered or sold within the United States or to U.S. persons unless compliance with U.S. registration requirements or an exemption is met. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction.
Micromem Technologies Inc. and its subsidiaries specialize in analyzing specific industry sectors to create innovative applications that address market gaps. The company utilizes its expertise in sophisticated sensor applications to develop and implement solutions for a diverse range of industries, including oil & gas, utilities, automotive, healthcare, government, information technology, and manufacturing.
The company’s stock is publicly traded under the symbols MMTIF on the OTCQB and MRM on the CSE.
Source: Micromem Technologies Inc.
