Micromem Technologies Inc. Announces Proposed Private Placement and Option Grant
Micromem Technologies Inc. (CSE: MRM, OTCQB: MMTIF) reported plans to proceed with a non‑brokered private placement of common share units. Each unit is priced at CAD 0.05 and consists of one common share and one warrant exercisable at CAD 0.06 per share for a period of one year. The company aims to raise up to CAD 330,000, with the possibility of a 50 % discretionary increase. All securities issued under the placement will be subject to a four‑month hold period and are contingent on final regulatory approval.
The proceeds from the private placement are intended for working‑capital needs and debt settlement. In addition, Micromem announced the grant of 5,900,000 options to purchase its common shares, subject to the company’s fixed‑term plan.
The company’s current market cap stands at approximately CAD 27.7 million, with a 52‑week high of CAD 0.095 and a 52‑week low of CAD 0.035. Its last closing price (2025‑12‑29) was CAD 0.045. Micromem specializes in magnetic sensor applications across healthcare/biomedical, natural resource exploration, and government sectors. The company is headquartered in Toronto, Canada, and is listed on the Canadian National Stock Exchange. For more information, visit www.micromeminc.com .
