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): June 23, 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  under the Exchange
Act  (17 CFR  240.13e-4(c)



Item  1.02  Termination  of  a  Material  Definitive  Agreement

The  registrant  announced  its  wholly  owned  subsidiary  MPM  Mining  Inc had
terminated  its joint venture agreement with Forbes Financial Group effective as
of  June  21,  2010.  The  Forbes  Financial  Group did not meet their financial
obligations  defined  within  the  terms  of  the  agreement.


                                   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: June 23, 2010     By: /s/ Michael J. Luciano
                            ----------------------
                                Michael J. Luciano
                           Chief Executive Officer and Chairman