Micromem Update: Steve Van Fleet Action Against Micromem Dismissed; Court Awards Damages to Micromem
Ontario and New York, New York--(Newsfile Corp. - June 29, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following update: On October 16, 2018, Steven Van Fleet commenced an action against Micromem and its subsidiary Micromem Applied Sensor Technologies, Inc. ("MAST") alleging breach of Mr. Van Fleet's consulting contract. Micromem and MAST denied the allegations in their answer to the complaint and interposed several counterclaims...
2021-06-29 5:00 PM EDT
Micromem Romgaz Update
Ontario and New York, New York--(Newsfile Corp. - May 18, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") has been advised by Romgaz representatives that the University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) ("the University") completed a report reviewing the need for tracer monitoring technologies by Romgaz. The University's review resulted in the recommendation to move forward with Micromem's tracer monitoring technologies....
2021-05-18 9:00 AM EDT
Micromem Romgaz Update
Toronto, Ontario--(Newsfile Corp. - May 6, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") reports that Romgaz has advised the Company that they have engaged the Petroleum-Gas University of Ploiesti, Romania (Universitatea Petrol-Gaze Din Ploiesti) to be the research arm for the tracer technology (the "Technology"). The Technology is being developed by the Company in conjunction with Romgaz for installation on their site. Prof. dr. ing. Lazar Avram,...
2021-05-06 2:30 PM EDT
Micromem Announces Closing of Private Placement
Ontario and New York, New York--(Newsfile Corp. - March 5, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces the closing of its private placement (the "Private Placement") of common shares at $0.065 CDN per share for aggregate gross proceeds of $549,913.11 CDN. The Company is issuing a total of 8,460,209 common shares in this Private Placement that closed in two tranches on February 25, 2021 and March 4, 2021. In connection with the Private...
2021-03-05 4:00 PM EST
Micromem - Update: Romgaz
Ontario and New York, New York--(Newsfile Corp. - February 2, 2021) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") reports that Romgaz has advised the Company that the terms of the purchase order have been finalized. Romgaz and the Company are in the process of working out scheduling details for the joint work on the analytics solution. Under the terms of the purchase order, Micromem will initially sell two (2) units to Romgaz. Micromem will work with...
2021-02-02 4:00 PM EST
Micromem Announces Closing of Financings and Settlement of Debt
Toronto, Ontario--(Newsfile Corp. - December 1, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") announces the closing of private placements (the "Private Placements") of 3,542,223 common shares at $0.035 CDN per share for aggregate gross proceeds of $123,977.81 CDN. In connection with the Private Placements, the Company is paying cash fees to arm's length parties totaling $1,932 CDN. The Issuer intends to use the proceeds for general working capital....
2020-12-01 4:00 PM EST
Micromem Grant of Options
Ontario and New York, New York--(Newsfile Corp. - November 13, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") or ("the Company") announces the issuance of 6,500,000 options to purchase common shares of the Company (the "Options"), in accordance with the 2020 Micromem Technologies Inc. Stock Option Plan. These Options have been issued to directors, officers, employees, and a consultant at a strike price of $0.07 CDN/$0.05 USD and will expire November 13, 2025. In...
2020-11-13 5:00 PM EST
Micromem - Current Update
Ontario and New York, New York--(Newsfile Corp. - November 5, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") confirms that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity. As disclosed in our most recent CSE Monthly Progress Report filed today, the Company continues to pursue Chevron regarding the finalization of commercialization plans for the ARTRA...
2020-11-05 3:25 PM EST
Micromem Post Annual Meeting Announcement, Cancellation of Options, Completes Financing
Ontario and New York, New York--(Newsfile Corp. - September 18, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces the results of its Annual General and Special Meeting of Shareholders held on September 8, 2020. Election of Directors: Joseph Fuda, Alex Dey and Oliver Nepomuceno were re-elected as directors. Brian Von Herzen was not proposed for re-election. MNP LLP were appointed as auditors of the Corporation and the directors are authorized...
2020-09-18 3:45 PM EDT
Micromem Provides Update
Ontario and New York, New York--(Newsfile Corp. - May 1, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following current update. Micromem continues to remain in contact with its key partners, Chevron and Romgaz. As a consequence of the business impact of the COVID-19 pandemic, staff reductions and travel restrictions have affected our partners, suppliers, manufacturers and installers. Micromem has been advised by its partners that,...
2020-05-01 12:00 PM EDT
Micromem Interim Filings
Ontario and New York, New York--(Newsfile Corp. - March 26, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended January 31, 2020 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/. About Micromem. Micromem Technologies Inc. and its subsidiaries, a publicly traded...
2020-03-26 5:00 PM EDT
Micromem Provides Update
Ontario and New York, New York--(Newsfile Corp. - March 23, 2020) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following update on its current projects. Micromem has been in discussions with both Chevron and Romgaz throughout the last quarter and as recently as March 20, 2020. Micromem has been advised by each partner that the respective projects are proceeding. Micromem and both partners have agreed to adjust scheduling as a result of the...
2020-03-23 11:24 AM EDT
Micromem Annual Filings
Ontario and New York, New York--(Newsfile Corp. - February 28, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its audited financial statements for the year ended October 31, 2019 together with the Management's Discussion & Analysis and SEC Form 20F on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/. About Micromem. Micromem Technologies Inc. and its subsidiaries, a...
2020-02-28 5:30 PM EST
Micromem Announces Closing of Financings
Ontario and New York, New York--(Newsfile Corp. - February 7, 2020) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or "the Company") is pleased to announce the closing of a non-brokered private placement (the "Private Placement") of 10,008,491 common shares at $0.053 CDN per share for aggregate gross proceeds of $530,450. The Issuer will use the proceeds for general working capital. A shares for debt settlement (the "Settlement") was closed in parallel to the Private...
2020-02-07 5:00 PM EST
Micromem Releases Responses to Romgaz/Chevron Q&A
Ontario and New York, New York--(Newsfile Corp. - December 20, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce an update on the Romgaz due diligence process. Romgaz provided Micromem with a series of questions and the Company has worked directly with a senior engineer from Chevron to prepare the responses. The results can be found at...
2019-12-20 8:30 AM EST
Micromem Announces Romgaz Update
Ontario and New York, New York--(Newsfile Corp. - November 21, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide an update following our announcement on October 2, 2019 that a Letter of Intent ("LOI") was signed with Romgaz, wherein Romgaz will acquire and install approximately 3,400 ARTRA units over the next 24 months at a facility in Romania. The Company has been advised that Romgaz is proceeding with the project and further due...
2019-11-21 9:30 AM EST
Micromem Announces New Client, Romgaz
Ontario and New York, New York--(Newsfile Corp. - October 2, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to announce that it has executed a Letter of Intent ("LOI") with Romgaz (https://www.romgaz.ro/). Under the terms of the LOI, Romgaz will acquire and install approximately 3,400 ARTRA units over the next 24 months at their facility in Romania. The partnership with Romgaz provides Micromem the opportunity to sell ARTRA units and, in...
2019-10-02 2:00 PM EDT
Micromem: Interim Filings
Ontario and New York, New York--(Newsfile Corp. - September 25, 2019) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") announces it has filed its interim financial statements for the period ended July 31, 2019 together with the Management's Discussion & Analysis on SEDAR and EDGAR. These documents may be viewed at www.sedar.com and by searching EDGAR at http://www.sec.gov/. The Company also announces receipt of $100,000 USD for a non-brokered private...
2019-09-25 5:00 PM EDT
Micromem Provides Update
Ontario and New York, New York--(Newsfile Corp. - July 29, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") is pleased to provide the following update on its progress with the current negotiations that it has been conducting with Repsol SA ("Repsol") . Micromem and Repsol (collectively, "the Parties") have been pursuing a letter of intent since January 2019. The Parties have now agreed to move forward with the negotiation of a final, binding contract...
2019-07-29 11:41 AM EDT
Micromem Provides Update
Ontario and New York, New York--(Newsfile Corp. - July 11, 2019) - Micromem Technologies, Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem") ("the Company") provides the following update. Micromem and its joint development partner, Chevron Corporation ("Chevron"), continue to advance the ARTRA-171 project towards commercialization. Micromem and Repsol S.A. ("Repsol") (www.repsol.energy/en/), are now pursuing a letter of intent to complete a long term contract with respect to the continued...
2019-07-11 9:23 AM EDT