An anonymous director reports

MICROMEM UPSIZES PRIVATE PLACEMENT

Micromem Technologies Inc. is increasing the size of its previously announced non-brokered private placement from up to $375,000 to up to $405,000. Micromem intends to place up to 8.1 million units at a price of five cents per unit, each unit comprising one common share and one warrant exercisable at five cents per share for a period of three years following the issuance date. The other terms of the private placement remain unchanged from the news release issued by Micromem on Dec. 13, 2024.

About Micromem Technologies Inc.

Micromem Technologies analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the company successfully powers the development and implementation of innovative solutions for oil and gas, utilities, automotive, health care, government, information technology, manufacturing, and other industries.

We seek Safe Harbor.