- Wheaton Precious Metals (TSX:WPM) kicked off its third annual Future of Mining Challenge under the theme of mine optimization and land impact reduction, with applications open until August 21 for the US$1 million prize.
- The top precious metals streaming company holds interests in high-quality, low-cost and long-life mines around the world.
- Wheaton Precious Metals stock has added 40.63 per cent year-over-year and 205.75 per cent since 2021.
Wheaton Precious Metals (TSX:WPM) kicked off its third annual Future of Mining Challenge under the theme of mine optimization and land impact reduction, with applications open until August 21 for the US$1 million prize.
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The most promising cleantech ventures in the areas of improving orebody knowledge and/or improving extraction methods will be invited to submit full applications in September 2026.
Wheaton will announce the winner in March 2027 during the Prospectors and Developers Association of Canada‘s yearly convention in Toronto, which ranks as the largest mining conference in the world.
Wheaton is continuing its collaboration under the prize with the University of British Columbia’s Sauder School of Business, which will lend its extensive innovation and venture building experience.
Last year’s mining challenge focused on sustainable water management, awarding the US$1 million prize to Cetos Water for its mining wastewater recycling technology.
Interested companies should look out for an information session planned for early July, where Wheaton representatives will provide applicant guidance and address any related questions.
Leadership commentary
“Mining resources underpin nearly every sector, and as global demand grows, the need to produce them responsibly has never been greater,” Haytham Hodaly, President and Chief Executive Officer of Wheaton Precious Metals, said in Thursday’s news release. “We believe innovation is key to improving efficiency, enhancing performance and reducing environmental impacts. The third edition of the Future of Mining Challenge is focused on advancing solutions that optimize mining methods and reduce impacts on land. We have been encouraged by the creativity and progress of past participants and look forward to the ideas this year’s challenge will bring.”
“It is remarkable to see how far mining has advanced, driven by the ingenuity of entrepreneurial minds committed to progressing the industry forward,” added Patrick Drouin, Wheaton’s Chief Sustainability Officer. “By backing bold, early-stage technologies, we hope to accelerate the next generation of solutions that improve performance and reduce environmental impact.”
About Wheaton Precious Metals
Wheaton is a top precious metals streaming company, holding interests in high-quality, low-cost and long-life mines around the world.
Wheaton Precious Metals stock (TSX:WPM) last traded at C$178.59, adding 40.63 per cent year-over-year and 205.75 per cent since 2021.
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