Micromem Technologies (TSE:MRM) has released an update.
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Micromem Technologies Inc. has announced its ongoing partnership with Chevron in developing interwell tracer technology and revealed plans for a non-brokered private placement to raise up to CDN$250,000, potentially increasing by 50%. The funds are intended for working capital, with all securities subject to a four-month holding period and pending final regulatory approvals.
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