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Micromem Technologies, Inc. - MMTIF STOCK NEWS

Welcome to our dedicated news page for Micromem Technologies (Ticker: MMTIF), a resource for investors and traders seeking the latest updates and insights on Micromem Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Micromem Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Micromem Technologies's position in the market.

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Micromem Technologies Inc. announces a non-brokered private placement of 1,316,007 common shares at CDN$0.065 per share, raising approximately CDN$85,540 for working capital and debt repayment.
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Micromem Technologies Inc. provides an update on its collaboration with Chevron regarding automated tracer technology. The company is working on updating the Joint Development Agreement with Chevron and awaits a license agreement for tracer technology applications. Micromem plans to streamline development time and costs by licensing and marketing Chevron's technology to other clients. The company will release further news as the project in Romania progresses and will hold its Annual General Meeting of Shareholders on April 22, 2024.
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Micromem Technologies Inc. announced the closing of a non-brokered private placement, raising approximately CDN$261,400. The company issued a total of 2,400,000 common shares and a convertible debenture, with an interest rate of 1% per month and a conversion option at CDN$0.07 per share. Micromem also paid a finder's fee of $3,780 in cash and issued 63,000 broker warrants exercisable for two years at CAD$0.095 per share. The proceeds will be used for working capital, including paying outstanding debt.
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Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) provides an update on ongoing discussions with Chevron regarding automated tracer technology. A joint development agreement will be executed in Q1 2024, replacing the original 2014 agreement. Chevron will also prepare a license agreement for Micromem to access its patent. A group call to discuss the tracer technology plan for Romgaz is anticipated in Q1 2024, involving representatives from Micromem, Entanglement Technologies, Chevron, Romgaz, and the University of Ploiesti.
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Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) announces a non-brokered private placement to raise up to CDN$150,000 for working capital, with the option to increase the offering by up to 50%. The company will issue common shares at CDN$0.06 per share and/or convertible debentures at an interest rate of 12% per annum compounded daily, with a conversion option at CDN$0.07 per share and maturing in 12 months. The proceeds will be used for working capital, including paying outstanding debt. The company will no longer proceed with the financing announced in the news release issued on November 7, 2023.
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Micromem receives first installment payment for sale of ARTRA units in Romania
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Micromem Technologies Inc. provides an update on their ongoing discussions with Chevron regarding automated tracer technology. The collaboration with Chevron is expected to enhance and accelerate the development of a real-time data gathering device with comprehensive analytics. This technology has the potential to be deployed with other energy companies in North America, Europe, and the Middle East.
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Micromem Technologies Inc. has received detailed specifications for an ARTRA natural gas unit to be delivered to Romania. The unit will be built in California and will be used for testing and assessing viability for widespread adoption in operating gas wells. The company expects to receive a purchase order for this unit in the next few weeks.
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Micromem Technologies, Inc.

OTC:MMTIF

MMTIF Rankings

MMTIF Stock Data

22.70M
511.20M
1%
0.01%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
Canada
Toronto