VANCOUVER, BC, Sept. 16, 2024 – Wheaton Precious Metals Corp. (“Wheaton” or the “Company”) has announced the launch of the inaugural Future of Mining Challenge. This challenge will grant US$1 million to a winning venture that is dedicated to advancing technology in the mining industry. Wheaton, with its diverse global portfolio, is focused on promoting sustainability efforts within the mining sector. The initiative seeks innovative technologies that can reduce environmental impacts, enhance efficiencies, and contribute to climate solutions while ensuring responsible resource availability for future generations.
Randy Smallwood, President & Chief Executive Officer of Wheaton, emphasized the importance of mining in society, providing essential materials for daily life. He stated, “It is crucial to foster innovation and collaboration to improve mining practices, aiming for greater efficiency and sustainability.”
The Future of Mining Challenge invites cleantech companies worldwide to submit industry solutions, focusing on technologies with the potential to lower greenhouse gas emissions in mining operations. These solutions should be applicable to both base and precious metal mining, scalable globally, and designed for future implementation in active mines. Foresight Canada will support this challenge.
Patrick Drouin, Chief Sustainability Officer and President of Wheaton Precious Metals International, expressed Wheaton’s commitment to advancing technologies and promoting new solutions that can enhance operational efficiencies and reduce the impact of mining activities. He highlighted the need to address key challenges to ensure sustainable and responsible mining practices for the delivery of essential commodities to future generations.
Jeanette Jackson, Chief Executive Officer of Foresight Canada, reiterated the organization’s commitment to supporting industries in improving environmental and economic prosperity through innovation programs. Collaborating with Wheaton Precious Metals will identify solutions that aim to reduce emissions while boosting productivity and profitability in the global mining sector.
The challenge for applications will open on September 18, 2024, with the winner set to be announced in March 2025 at the PDAC Convention in Toronto, the largest mining conference globally.
About Wheaton Precious Metals Corp.:
Wheaton Precious Metals Corp. is a leading precious metals streaming company, offering shareholders access to a portfolio of low-cost, long-life mines globally. Through strategic streaming agreements, Wheaton partners with mining companies to secure future precious metal production, focusing on responsible mining practices to unlock long-term shareholder value.
About Foresight Canada:
Foresight Canada is a cleantech innovation and adoption accelerator committed to promoting sustainable practices. By connecting public and private sectors to the best clean technologies globally, Foresight Canada aims to de-risk and streamline the adoption of solutions that enhance productivity and economic competitiveness while addressing urgent climate challenges. With a track record of supporting numerous companies and reducing greenhouse gas emissions, Foresight Canada is positioned to lead the green economic transition.
Cautionary Note Regarding Forward Looking-Statements:
This press release contains forward-looking statements regarding Wheaton’s business, operations, and financial performance. These statements involve risks and uncertainties that may differ from actual results due to various factors such as climate change, environmental concerns, technology advancements, and mining operations. Readers are advised not to solely rely on forward-looking statements as actual outcomes may vary. Wheaton’s management believes these statements are reasonable based on current information and are subject to updates in accordance with applicable securities laws.
SOURCE: Wheaton Precious Metals Corp.
