Micromem Technologies Inc. completed its financial obligations under a collaboration agreement involving the University of Toronto, the Natural Sciences and Engineering Research Council of Canada, and Defence Research and Development Canada, making the final payment. The company says this fulfills its financial commitment and confirms its rights to access intellectual property under the agreement. Work on the liquid-phase nanowire biochemical sensor continues, and Micromem will continue participating in development and accessing intellectual property still to be developed.
Micromem is also developing a compact gas-sensing wearable/portable prototype with the University of Toronto and Defence Research and Development Canada. The prototype is intended for initial oil-industry and municipal water-quality testing; its base technology is being developed for wearable military applications for Canada's Department of National Defence.
Micromem Technologies Inc. is advancing a compact gas-sensing wearable/portable prototype through a collaboration with Canada’s Defence Research and Development Canada and the University of Toronto. The prototype enclosure measures approximately 120 mm × 80 mm × 18 mm. Its intended initial commercial uses are oil-industry and municipal-water-quality testing; the technology is also intended to form a base for wearable military applications being developed for Canada’s Department of National Defence.
The project is developing a battery-powered gas-sensing system using indium arsenide nanowire field-effect transistors. Micromem completed testing of its first printed circuit board version and is progressing on a second version with design improvements. Portable and fixed-in-place configurations are planned, with overcurrent protection and wired or wireless data transmission. A waterproof, more rugged form factor for enhanced oil recovery operations is also being developed.
Micromem Technologies Inc. has elected to adopt semi-annual financial reporting and will not file interim financial statements and related documents for the third-quarter period ending July 31. Going forward, it will publish financial results twice a year: for the annual period ending October 31 and for the first six months of its financial year ending April 30. The company anticipates this change will reduce administrative costs and financial burden, and says it will report material changes as required.
Micromem will hold its annual general meeting on December 10, 2026, at 10:00 a.m. EST. The company reported 668,142,280 shares issued.
MICROMEM TECHNOLOGIES INC reported a Rule 506(b) exempt offering of equity units, with USD $90,000 sold and USD $178,330 remaining to be sold. Each unit comprises one common share and one common share purchase warrant, exercisable at USD $0.036 for a term of three years. The first sale was September 16, 2026.
Finders’ fees are reported as USD $0. A portion of net proceeds may be used for general working capital, including ordinary-course payments to officers and directors, but proceeds are not earmarked for those payments.
Micromem Technologies Inc. (MMTIF) closed a non-brokered private placement, issuing 5,953,600 units at C$0.025 per unit for gross proceeds of about C$148,840. Each unit consists of one common share and one warrant exercisable at C$0.05 for three years, and all securities carry a four-month hold period. No insiders participated, and the company plans to use the net proceeds for working capital, subject to post-closing Canadian Securities Exchange requirements.
The company is also extending 9,066,400 existing warrants exercisable at C$0.06 per share by one year, moving their expiry from October 8, 2026 to October 8, 2027, with all other terms unchanged and no insiders involved. Micromem reports 663,635,591 shares issued.
Micromem Technologies Inc. reported progress on developing and commercializing its proprietary gas sensing technology. Engineering work continues on a wearable gas sensing platform, with demonstration prototypes expected by the fall of 2026, and on a complementary fixed-position gas detection platform for continuous environmental monitoring.
Independent research cited by Micromem estimates the combined North American and European market for portable gas detection systems at US$1.185 billion annually, and the fixed gas detection market at US$2.29 billion annually. Management believes the wearable platform represents an initial commercialization opportunity of about US$50 million annually, focused on defense and oil and gas applications. The company is prioritizing protection of its intellectual property through patents and continues collaborations with Defence Research and Development Canada and the University of Toronto. Shares issued total 649,099,645.
Micromem Technologies Inc. reports another loss-making quarter and highlights material uncertainty about its ability to continue as a going concern. For the three months ended April 30, 2026, the company posted a net and comprehensive loss of $357,754, bringing the six‑month loss to $720,759. Cash fell to $28,464 against current liabilities of $5,843,385, resulting in a working capital deficit of $5,784,058. Convertible debentures of $4,630,519 plus derivative and warrant liabilities dominate a small asset base of $85,131. Management continues to fund operations through new debentures and equity units while pursuing commercialization of its nanowire sensor collaborations with the University of Toronto, but states there is substantial doubt about the company’s ability to continue as a going concern without additional financing and successful commercialization.
Micromem Technologies Inc. filed a Form 6-K providing an update on its wearable sensing platform being evaluated for defence and security uses. The company completed an initial cost and engineering review and reports that the current prototype meets its design targets.
The device is designed to weigh less than 250 grams and have an anticipated cost of under $1,000 CAD per unit, while maintaining required functionality and performance. Micromem anticipates that the Department of National Defence opportunity could support an initial annual order of approximately 5,000 units and plans to submit the design to foreign militaries later this year.
The company will proceed to the next stage of development and construction of the wearable platform for demonstration purposes, targeting military, security, and first-responder applications that require real-time sensing and monitoring in demanding environments.
Micromem Technologies Inc. closed a non-brokered private placement, raising gross proceeds of approximately C$235,000. The company issued 9,400,000 units at C$0.025 per unit, with each unit consisting of one common share and one warrant exercisable at C$0.05 per share for two years.
A total of 9,400,000 common shares and 9,400,000 warrants were issued, and all securities are subject to a four-month hold period. No insiders participated; all subscribers are at arm’s length. Micromem plans to use the net proceeds for working capital. Shares issued total 649,099,645.
Micromem Technologies Inc. reports that discussions with Canada’s Department of National Defence have progressed toward unit-level commercialization and deployment planning for its wearable environmental sensing platform under an existing collaborative research agreement with the University of Toronto and DND. The defence representatives have asked Micromem to prepare preliminary per-unit cost models and commercialization framework materials focused on real-time environmental monitoring and personnel safety applications. The platform is intended for distributed sensing and real-time intelligence across defence, industrial safety, infrastructure monitoring and related markets. Micromem views this as an important step in evaluating scalable deployment opportunities and continues to build relationships with government, academic and industrial partners. Shares issued are 639,699,645.