Business
Micromem Announces Proposed Private Placement and Option Grant
Toronto, Ontario and New York, New York--(Newsfile Corp. - December 31, 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 $0.05 per unit (a "Unit") for a total of up to CAD $330,000, subject to a 50% discretionary increase. Each Unit is comprised of one common share and one warrant exercisable at CAD $0.06 per.
About this update from Micromem Technologies Inc.
[{"type":"text","content":"Toronto, Ontario and New York, New York--(Newsfile Corp. - December 31, 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 $0.05 per unit (a "Unit") for a total of up to CAD $330,000, subject to a 50% discretionary increase. Each Unit is comprised of one common share and one warrant exercisable at CAD $0.06 per share for a period of one year. Micromem intends to use the proceeds raised through the Private Placement for working capital purposes and debt settlement. All securities to be issued pursuant to the Private Placement will be subject to a four-month hold period. The Private Placement remains subject to final regulatory approvals.","length":871,"tagName":"p"},{"type":"text","content":"The Company also announces the grant of 5,900,000 options to purchase common shares of the Company (the "Options") subject to the terms and conditions of Micromem's fixed 2020 Stock Option Plan which was approved by the shareholders of the Company in 2020. All Options vested immediately and are exercisable for five years at an exercise price of CAD $0.05 per share and will expire on December 31, 2030 (unless exercised earlier). These Options have been granted to directors, officers and employees in replacement of options that expired in November 2025. The grant of Options is subject to compliance with Canadian Securities Exchange requirements.","length":665,"tagName":"p"},{"type":"text","content":"The securities described herein have not been, and will not be, registered under the U.S. Securities Act of 1933 or any state securities laws, and accordingly, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in compliance with the registration requirements of the U.S. Securities Act of 1993 and applicable state securities laws or pursuant to exemptions there from. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction.","length":560,"tagName":"p"},{"type":"text","content":"About Micromem.","length":15,"tagName":"p"},{"type":"text","content":"Micromem Technologies Inc. and its s...