Transforming Mining Sustainability: Wheaton Precious Metals' Future of Mining Challenge

Revolutionizing Sustainability in Mining

Wheaton Precious Metals™ Corp. has announced the launch of the inaugural Future of Mining Challenge, which will award US$1 million to a winning venture focused on advancing technology in mining. This initiative reflects Wheaton’s commitment to sustainability in the mining industry, supporting technologies that minimize environmental impacts and efficiently manage resources for future generations.

“Mining is integral to every facet of our daily lives, providing essential materials for our society,” said Randy Smallwood, President and Chief Executive Officer of Wheaton. “From precious metals used in technology, to metals needed for a transition to a low-carbon economy, we rely heavily on the mining industry. Fostering innovation and collaboration is vital to improving the future of mining.”

Call for Innovative Solutions

The Future of Mining Challenge invites cleantech companies globally to propose solutions aimed at reducing greenhouse gas emissions within mining operations. Proposals should be applicable to both base metals and precious metals mining, globally scalable, with a focus on future implementation.

Support from Foresight Canada

Patrick Drouin, Chief Sustainability Officer at Wheaton, emphasized the company's mission: “As long-term investors, we are dedicated to improving the industry while addressing challenges essential for sustainable and responsible mining practices.” Foresight Canada will collaborate with Wheaton on this challenge.

“By working together, we aim to uncover solutions that not only reduce emissions but also enhance the profitability of the global mining sector,” added Jeanette Jackson, CEO of Foresight Canada. “We are eager to see the innovations that emerge.”

Challenge applications open on September 18, 2024, with the winner to be revealed in March 2025 at the PDAC Convention in Toronto, the largest mining conference in the world.