Micromen Tech Stock Price, News & Analysis

Micromem Technologies (OTCQB: MMTIF) has announced the filing of its Form 20-F for the fiscal year ended October 31, 2024, on SEDAR+ on May 28, 2025. The report, which includes audited financial statements and related documentation, was initially filed with the SEC on February 28, 2025.

Following a review by the Ontario Securities Commission, the company filed the Form 20-F on SEDAR+ to comply with National Instrument 51-102-Continuous Disclosure Obligations. Management confirms that the Form 20-F contains no material undisclosed information or changes beyond previous SEDAR+ filings.

Micromem Technologies (MMTIF) has successfully closed its previously announced non-brokered private placement, raising C$535,775 through the issuance of 8,929,583 units priced at C$0.06 per unit. Each unit consists of one common share and one warrant, with warrants exercisable at C$0.07 per share for three years after issuance. The securities are subject to a four-month hold period, and no insiders participated in the placement. The company plans to use the net proceeds for working capital purposes. The closing remains subject to certain conditions, including compliance with Canadian Securities Exchange post-closing requirements.

Micromem Technologies (MMTIF) has announced a collaboration with the University of Toronto to advance nanowire sensor technology development. The partnership leverages UofT's extensive research and expertise in nanowire behavior and surface interaction for sensor applications. Led by Dr. Harry Ruda, UofT's team has published groundbreaking research in prestigious journals like Science, Nature, Physical Review, and ACS Nano, demonstrating the potential of one-dimensional nanowire structures in creating highly sensitive sensors. Their publications span from 1999 to 2020, covering various applications including integrated photonics, water quality monitoring, optical devices, memory devices, and quantum information technology. The collaboration aims to commercialize high-performance sensors capable of detecting single molecules.

Micromem Technologies (MMTIF) has announced progress in its strategic collaboration with the University of Toronto and the Canadian Department of National Defence for advancing nanowire sensor technology. The partnership, established in March 2025, focuses on developing highly sensitive detection capabilities at the micro-electron level, particularly for biochemical agent detection in defense applications.

The breakthrough technology enables direct observation of charge responses at micro-electron levels, with potential commercial applications in airborne contaminant monitoring, environmental sensing, and biomedical diagnostics. The University of Toronto contributes over a decade of peer-reviewed research in nanoscale charge transport and single-molecule sensor development, while Micromem focuses on commercialization pathways.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has finalized a Research Collaboration Agreement with the University of Toronto and Department of National Defence for developing nanowire biochemical sensors. The project, led by Professor Ruda, builds on two years of promising developments in cutting-edge military and industrial sensor technology.

The Alliance-DND program aims to create miniaturized, low-cost, efficient, and selective sensors based on InAs nanowires for both civilian and military applications. The technology has already demonstrated success in detecting ethanol vapor at the single-molecule level.

Key applications include:

• Border monitoring for fentanyl and illegal substances
• Environmental monitoring (NH2, CO2, H2S)
• Detection of chemical warfare agents
• Biomarker and disease detection
• Drug screening and DNA sequencing

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has announced a new collaboration with the University of Toronto, Defense Research and Development Canada (DRDC), and the Natural Sciences and Engineering Research Council of Canada (NSERC) to develop advanced biochemical sensors technology. The project, which began in 2023 at the University of Toronto, has already made significant progress in developing artificial intelligence and machine learning capabilities.

The company will receive an exclusive worldwide license to all intellectual property and patents created through the project, which targets both military and commercial applications. NSERC is providing partial funding for the initiative. The project team is led by Doctor Harry Ruda, who previously collaborated with Micromem on a white paper report for Chevron. This new venture expands Micromem's technological capabilities, particularly in detecting environmental contaminants across military and commercial sectors.

Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) has submitted a white paper to Chevron titled 'Sensors for Water Contamination Monitoring in Oil Wells and Flood Zones.' The report, authored by Professor Harry E. Ruda from the University of Toronto, details innovative sensor technology for monitoring water contamination.

The white paper explores existing technologies for measuring contamination in water and atmosphere, particularly in flood zones, and proposes solutions for wastewater contamination monitoring. The technology integrates sensors with Artificial Intelligence (AI) and Machine Learning (ML) capabilities to enhance monitoring precision.

The company is currently evaluating drone-based applications equipped with sensors as an early practical use case. Micromem anticipates generating potential revenues from this initiative starting in summer 2025.

Micromem Technologies (CSE: MRM, OTCQB: MMTIF) has completed a non-brokered private placement, raising C$255,000 through the issuance of 5,100,000 units at C$0.05 per unit. Each unit consists of one common share and one warrant, exercisable at C$0.05 for three years.

Additionally, the company settled outstanding debenture debt of C$150,000 by issuing 3,000,000 units under the same terms. The combined transactions resulted in the issuance of 8,100,000 common shares and 8,100,000 warrants. No insiders participated in either transaction.

The proceeds will be used for working capital. All securities are subject to a four-month hold period and final closing is pending CSE approval.

Micromem Technologies announces the arrival of its ARTRA unit in Toronto for field trials in the natural gas industry. The unit will serve as the foundation for a second configuration: a well-mounted, fully automated unit specifically designed for gas wells. The company's contracted engineer will modify and implement an automated sampler system, previously designed by Chevron, enabling precise fluid sampling and tracer testing capabilities.

Before shipping to its European client for inspection and certification, the company will conduct demonstrations for engineers representing potential clients. Following the review, Micromem expects to announce a timeline for subsequent phases.