Micromem Technologies Inc.

Micromem Technologies Inc. reported a net loss of $669K for the fiscal year ending October 31, 2025. The company's cash position increased by $124K during the year, ending at $33K, primarily driven by $1.5M in cash provided by financing activities, which included $926K from private placements and $428K from warrant exercises. This financing offset the $1.3M cash used in operating activities. The balance sheet shows total assets of $308K, with significant liabilities of $5.9M, including $4.3M in convertible debentures and $754K in warrant liabilities, resulting in a shareholders' deficiency of $5.6M. The company's financial position remains constrained by high debt levels and accumulated deficit of $127.1M.

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