Micromem Technologies Inc. Advances Discussions with Canadian Defence Stakeholders Toward Potential Deployment Planning and Unit-Level Commercialization Analysis

Toronto, Ontario and New York, New York--(Newsfile Corp. - June 1, 2026) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) ("Micromem" or the "Company") is pleased to announce that following recent meetings with representatives of the Department of National Defence ("DND") (the 'Representatives"), under the existing collaborative research agreement ("the Agreement") between Micromem, the University of Toronto (the "University") and the DND, discussions have progressed toward unit-level commercialization and deployment planning for the Company's wearable sensing platform. As part of ongoing engagement activities, Micromem has been requested by the Representatives to prepare preliminary per-unit costing models and commercialization framework materials relating to its wearable environmental sensing technology platform.