#Canada #Vancouver #Wheaton Precious Metals #ReThink Milling #Future of Mining

Wheaton Precious Metals Unveils Inaugural Future of Mining Challenge Winner

Wheaton Precious Metals Corp., a leading precious metals streaming company, has recently revealed the winning entry of its inaugural Future of Mining Challenge. The recipient of this prestigious accolade is ReThink Milling Inc., which has been honored with a cash award of $1 million for their pioneering technologies: the Conjugate Anvil Hammer Mill (CAHM) and MonoRoll.

These groundbreaking technologies are designed to significantly transform the milling process in mining. The innovative grinding methods introduced by ReThink Milling hold immense promise for enhancing operational efficiency, while simultaneously reducing energy usage, greenhouse gas emissions, and operational costs. The focus of the Future of Mining Challenge is on identifying scalable solutions that can actively contribute to minimizing environmental impacts in mining operations.

Launched in September 2024, the Future of Mining Challenge invited participants from around the globe to present their innovative solutions. The initiative is supported by Foresight Canada, recognized as the country’s largest cleantech innovation accelerator. Randy Smallwood, President and CEO of Wheaton Precious Metals, expressed the critical importance of continuous innovation in the mining sector, which is essential to responsibly meet the surging global demand for minerals and metals. He stated, “The winning technology from ReThink Milling exemplifies innovation, and we are pleased to empower the company through our Future of Mining Challenge award as they continue towards commercialization. The integration of advanced technology into mining operations globally requires a collaborative industry effort, and ReThink Milling has shown promising progress backed by nine leading mining companies and industry partners.”

Steve Wilson, Chief Technology Officer of ReThink Milling, shared his excitement regarding the recognition of their technology. He noted, “We are thrilled to see our technology acknowledged for its potential economic and environmental benefits in the mining sector. Working closely with mining companies—who will be our future clients—has been pivotal in refining our technology. We are thankful to our collaborators for their support, and we are honored that Wheaton has recognized our CAHM Platform Technology as a groundbreaking innovation for the industry. Our next phase involves scaling this technology and bringing it closer to mine applications, advancing toward commercialization and continued collaboration.”

Furthermore, Jeanette Jackson, CEO of Foresight Canada, highlighted the significant impact of the Wheaton Precious Metals Future of Mining Challenge on the mining industry. She remarked that the challenge underscores the transformational potential of cleantech within the sector. By uniting innovators and industry leaders, the initiative is fostering solutions that could elevate productivity and support a robust economy.

For those interested in learning more about the Future of Mining Challenge and the 2024/2025 winner, ReThink Milling, additional information is available at www.futureofmining.ca. The call for applications for the next Future of Mining Challenge (2025-2026) will open later this year, with the theme for the next challenge to be announced soon.

About Wheaton Precious Metals Corp.

Wheaton Precious Metals is the world's premier streaming company for precious metals, providing investors with access to a high-quality portfolio of low-cost, long-life mines worldwide. Through strategic streaming agreements, Wheaton collaborates with mining companies to secure a portion of their future precious metals production. Committed to sustainable mining practices, Wheaton aims to generate long-term value for its shareholders while supporting the broader mining industry to deliver essential commodities through accessible capital. The company is traded on the Toronto Stock Exchange, New York Stock Exchange, and London Stock Exchange under the ticker symbol WPM. For more details about Wheaton Precious Metals, visit www.wheatonpm.com.

About Foresight Canada

Foresight Canada aims to address sustainability and efficiency challenges by linking public and private sectors with the best cleantech innovations. As Canada's leading cleantech innovation accelerator, it simplifies and de-risk the adoption of cutting-edge solutions aimed at increasing productivity and economic competitiveness while tackling pressing climate issues. Over the years, Foresight has successfully supported multiple ventures and propelled approximately 9,090 high-paying jobs, reflecting its significant role in the green economic transition. To learn more about their work, visit foresightcac.com.