UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

      Date of Report (Date of earliest event reported): May 3, 2010

                             MPM TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)

        WASHINGTON                   0-14910                 81-0436060
(State or other jurisdiction       (Commission             (IRS Employer
    Of incorporation)              File Number)          Identification No.)

                        199 Pomeroy Road, Parsippany, NJ
                    (Address of principal executive office)

      Registrant's telephone number (including area code): (973) 428-5009


Check  the  appropriate  box  below  if  the  Form  8-K  filing  is  intended to
simultaneously  satisfy the filing obligation of the registrant under any of the
following  provisions.

[  ]  Written  communications  pursuant to Rule 425 under the Securities Act
      (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
      (17 CFR 240.14a-12)

[  ]  Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange  Act  (17 CFR  240.14D-2(b))

[  ]  Pre-commencement  communications  pursuant  to  Rule  13e-4(C)  under  the
      Exchange  Act  (17 CFR  240.13e-4(c)




Item  1.01  Entry  into  a  Material  Definitive  Agreement

The  registrant  announced that on May 3, 2010, it's wholly owned subsidiary MPM
Mining  Inc  had  entered  into  a joint venture agreement with Forbes Financial
Group to develop the company's mining properties.  The agreement stipulates that
MPM  Mining will supply all mining data, claims, assay results, geophysical data
and  equipment to the venture.  Forbes Financial Group will provide no less than
$5,000,000  of  initial  financing  to the joint venture to commence operations.

MPM Mining Inc. is an exploration and development company which owns or controls
through  leases  15 patented lode claims amounting to approximately 300 acres in
the  historical  Emery  Mining  District,  Powell  County,  Montana.

Forbes  Financial  Group  is  a  private  consulting  and  investment  company
specializing  in business plan development, strategies and tactical deployments,
capital  raising  and  financial advisory services for mergers, acquisitions and
restructurings.




                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.

                                       MPM TECHNOLOGIES INC.

Date: May 3, 2010              By: /s/ Michael J. Luciano
                                   ----------------------
                                       Michael J. Luciano
                                       Chief Executive Officer and Chairman