Micromem meets with University of Toronto for tech

Executive Summary

• Micromem Technologies provided an operational update regarding its collaboration with the University of Toronto, Department of National Defence, and Natural Sciences and Engineering Research Council of Canada.
• The company submitted a research proposal to the NATO Defence Innovation Accelerator for the North Atlantic (DIANA); while the 2025 submission was not advanced, the company is encouraged to submit a revised proposal in 2026.
• Commercial engagement discussions with Chevron are continuing.

Key Details

• University of Toronto Collaboration:
  • A meeting was held on Oct. 16, 2025, regarding the collaboration agreement executed on Feb. 25, 2025, involving Micromem, the Department of National Defence, and the University of Toronto.
  • Work focuses on the development of gas and liquid sensing technologies.
  • The project is progressing well and remains on schedule.
  • The next meeting with the University of Toronto, Natural Sciences and Engineering Research Council of Canada, and Defence Research Development Canada is anticipated before the end of calendar year 2025 to review progress and establish the forward-looking plan for 2026.
• NATO DIANA Proposal:
  • Micromem submitted a research proposal to the NATO Defence Innovation Accelerator for the North Atlantic.
  • The 2025 submission did not advance.
  • The company has been encouraged to submit a revised proposal in 2026 and intends to do so.
• Commercial Engagement:
  • Discussions with Chevron are continuing as part of the company's commercial engagement initiatives.

Notable Quotes

• "The project continues to progress well and remains on schedule."