Micromem meets with University of Toronto for tech

An anonymous director reports MICROMEM TECHNOLOGIES PROVIDES UPDATE Micromem Technologies Inc. has provided the following update on its current activities. Micromem met with the University of Toronto on Oct. 16, 2025, in connection with the collaboration agreement executed amongst Micromem, the Department of National Defence and the University of Toronto on Feb. 25, 2025. The continuing work under this agreement focuses on the development of both gas and liquid sensing technologies. The project continues to progress well and remains on schedule. The company anticipates its next meeting with representatives of the University of Toronto, the Natural Sciences and Engineering Research Council of Canada, and the Defence Research Development Canada will occur before the end of calendar year 2025. This meeting will include a review of the program's progress and the establishment of the forward-looking plan for calendar year 2026. Micromem also recently submitted a research proposal to North Atlantic Treaty Organization Defence Innovation Accelerator for the North Atlantic, an initiative established by NATO to foster and accelerate dual-use innovation technologies. Although NATO DIANA did not advance Micromem's 2025 submission, the company has been encouraged to submit a revised proposal in 2026 and intends to do so. Separately, discussions with Chevron continue as part of Micromem's continuing commercial engagement initiatives. Micromem will continue to keep shareholders informed as additional developments arise. About Micromem Technologies Inc. Micromem, and its subsidiaries, a publicly traded company, commercializes advanced sensor solutions using proprietary nanotechnology and analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. It creates platforms that serve the needs of industries that demand accuracy, durability and real-time intelligence in detection systems. By leveraging its expertise and experience with sophisticated sensor applications, the company 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.