Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 2

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
Chunk 2
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6      0.7209      0.7217      0.7903      0.6898  
  End of period           0.7186      0.7209      0.7383      0.8075      0.7854  
  Average for period      0.7347      0.7415      0.7692      0.0841      0.7461  

The following table sets forth, for each period indicated, the high and low exchange rates for United States dollars expressed in Canadian dollars on the last day of each month during such period, based on the Noon Buying Rate.

            February       March       April         May        June        July  
                2024        2024        2024        2024        2024        2024  
 ──────────────────────────────────────────────────────────────────────────────────
  High        0.7460      0.7423      0.7405      0.7345      0.7334      0.7346  
  Low         0.7367      0.7357      0.7235      0.7268      0.7264      0.7219  

            August      September      October      November      December      January  
              2024           2024         2024          2024          2024         2025  
 ─────────────────────────────────────────────────────────────────────────────────────────
  High      0.7429         0.7428       0.7412        0.7218        0.7138       0.6978  
  Low       0.7216         0.7353       0.7186        0.7101        0.6937       0.6904  

On February 26, 2025 - the noon buying rate for one Canadian dollar, as quoted by the Bank of Canada, was CDN $1. = U. S. $0.6974.

B. Capitalization and Indebtedness

Not applicable.

C. Reasons for the Offer and Use of Proceeds

Not applicable.

D. Risk Factors

We and our investors face a number of risks, which are described below.

Risk Factors Related to Our Business

The financial statements of our Company have been prepared on a going concern basis.

We