Wheaton Precious Metals Launches $1 Million Mining Challenge for Innovative Solutions

Wheaton Precious Metals Revives $1 Million Future of Mining Challenge

Wheaton Precious Metals™ Corp. is excited to announce the return of its Future of Mining Challenge, aimed at encouraging innovation within the mining industry. After a successful inaugural event, the company is once again inviting global ventures to propose viable solutions that improve operational efficiencies while minimizing environmental impacts in the sector. This initiative highlights Wheaton’s commitment to advancing sustainable practices amid rising global demand for minerals and metals.

A Call for Global Innovators

Wheaton's President and CEO, Randy Smallwood, emphasized the significance of innovation in ensuring that the industry meets the increasing needs of society sustainably. "Constant innovation is essential to responsibly meet the growing global demand for minerals and metals, and it is the driving force behind Wheaton's Future of Mining Challenge,” Smallwood stated.

The upcoming challenge will award $1 million to a cleantech venture with groundbreaking technologies focusing on sustainable water management in mining. The objective is clear: to identify and support technologies that can transform the way mining companies operate, reducing environmental footprints while boosting productivity.

Patrick Drouin, Chief Sustainability Officer at Wheaton, reiterated the challenge's goal: "Our hope is that the award will help to advance the winner's technology closer to commercialization." This reflects Wheaton’s dedication not only to its partners but also to broader environmental, social, and governance (ESG) goals.

Collaboration with Academic Institutions

In a unique move this year, Wheaton has partnered with the University of British Columbia's Sauder School of Business, a collaboration that will bring expertise in venture building and early-stage innovation support. This partnership aims to fortify the challenge further, ensuring that innovative solutions are nurtured effectively.

Significant Timeline and Opportunities

Innovators worldwide can express their interest in participating until August 29, 2025. Following the evaluations, selected applicants will be invited to submit detailed proposals in September. The challenge culminates in March 2026 when the winner will be announced during the PDAC Convention in Toronto, recognized as the largest mining conference globally.

This challenge aligns with Wheaton's larger strategy of fostering progressive practices across the mining industry, underlining the importance of collaborative efforts in achieving sustainable development.

About Wheaton Precious Metals

Wheaton Precious Metals stands as a leader in the global precious metals streaming sector, showcasing a portfolio of low-cost and long-life mines. The company engages in strategic streaming agreements to ensure a share of future production in partnership with prominent mining firms. Committed to responsible mining, Wheaton employs comprehensive due diligence practices, striving to create long-term shareholder value while supporting the industry in delivering essential resources to society.

For more details on how to participate in the Future of Mining Challenge, visit www.futureofmining.ca. Interested parties can also learn more about the company's operations and commitment to sustainability at www.wheatonpm.com.