Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 69

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 16K
Chunk 69
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ITEM 16K. Cybersecurity

Cybersecurity Risk Management and Strategy

We engage anindependent consultantwhomonitors all of our information technology (the "IT Consultant") related issuesand who helpsidentify, assess, and manage cybersecurity risks relevant to the Company's business. To date we are not aware of any material cybersecurity incidents that have occurred.

Our internal process for overseeing cybersecurity threats is supervised by the Chair of the Audit Committee, working in tandem with our Chief Financial Officer, who interact on a regular basis, including periodically reportingcybersecurity risks and any material cybersecurity incidents as needed. OurAudit Committee and Board of Directorsreview our cybersecurity procedures as part of our regulatory reporting at each quarter end. The IT consultant also monitors the prevention, detection, mitigation and remediation of cybersecurity risks and incidents through various means, which may include threat intelligence and other information obtained from governmental, public or private sources, including external consultants engaged, and alerts and reports produced by security tools deployed in the IT environment.

Cybersecurity Governance

The Audit Committee members and our Chief Financial Officer have sufficient expertise (finance and operational) to assess the risk related to a cybersecurity matter, along with experts from the IT Consultant that will provide analysis on any security matters.

In Fiscal 2024, the Company did not experience any "cybersecurity threat" (as defined in Item 106(a) of Regulation S-K) or "cybersecurity incident" (as defined in Item 106(a) of Regulation S-K) that materially affected or was reasonably likely to materially affect the Company's business strategy, results of operations or financial condition.

PART III

ITEM 17. Financial Statements