REG - Wheaton Precious Met - WPM Announces Winner of Future of Mining Challenge

Wheaton Precious MetalsAnnouncement

04/03/2025 12:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250304:nRSD2922Za&default-theme=true

RNS Number : 2922Z  Wheaton Precious Metals Corp.  04 March 2025

 

 

March 4, 2025
Vancouver, British Columbia
 

 

Wheaton Precious Metals Announces Winner of its Inaugural Future of Mining
Challenge

 

Vancouver, British Columbia - Wheaton Precious Metals™ Corp. ("Wheaton" or
the "Company") is pleased to announce the winner of its inaugural Future of
Mining Challenge. ReThink Milling Inc. has been awarded US $1 million for its
Conjugate Anvil Hammer Mill (CAHM) and MonoRoll technologies, which have the
potential to revolutionize the milling process. This innovative grinding
technology demonstrates immense potential to deliver greater efficiency with
significantly lower energy use, leading to reduced greenhouse gas emissions
and operating costs.

 

Wheaton launched the Future of Mining Challenge in September 2024 and invited
companies from around the world to submit and propose industry solutions aimed
at improving operational efficiencies and minimizing environmental impacts.
This year's challenge focused on finding innovative, scalable technologies
that have the potential to reduce greenhouse gas emissions across mining
operations. The Future of Mining Challenge is supported by Foresight Canada,
Canada's largest cleantech innovation and adoption accelerator.

 

"Constant innovation is essential to responsibly meet the growing global
demand for minerals and metals, and it is the driving force behind our Future
of Mining Challenge," said Randy Smallwood, President and CEO of Wheaton
Precious Metals. "ReThink Milling's winning technology is something we believe
displays this innovation, and we are pleased to support the company through
the Future of Mining Challenge award as they advance into commercialization.
Integration of new technology across global mining operations requires
industry support, and ReThink Milling has demonstrated they are well on their
way to moving this forward with the support of nine leading mining companies
and other industry partners. We hope the Future of Mining Challenge award
funds give the company a boost to propel this technology further forward."

 

Steve Wilson, CTO of ReThink Milling said, "We are thrilled to see our
technology and prototype machines recognized for their potential economic and
environmental benefits within the mining industry. Collaborating directly with
mining companies-those who will ultimately become our future clients-has been
a game changer in refining and advancing our technology. We are deeply
grateful to our industry collaborators for their support and insights, and
we're honoured to have our CAHM Platform Technology acknowledged by Wheaton as
a groundbreaking innovation for the sector. We are excited for the next
phase-to scale our CAHM Platform Technology bringing it closer to a mine site,
paving the way for future commercialization and ongoing engagement with
existing and new collaborators."

 

Jeanette Jackson, CEO of Foresight Canada, emphasized the impact of the
Wheaton Precious Metals Future of Mining Challenge, stating, "This challenge
showcases the potential power of cleantech to transform the mining industry.
By bringing innovators and industry leaders together, we're driving solutions
that could enhance productivity and support a resilient economy."

 

To learn more information about Wheaton's Future of Mining Challenge and the
2024/2025 winner, ReThink Milling, visit www.futureofmining.ca
(http://www.futureofmining.ca) . Applications for the 2025-2026 Future of
Mining Challenge will open later this year. The theme of the next challenge
will be announced in the coming months.

 

About Wheaton Precious Metals Corp.

Wheaton Precious Metals is the world's premier precious metals streaming
company, providing shareholders with access to a high-quality portfolio of
low-cost, long-life mines around the world. Through strategic streaming
agreements, Wheaton partners with mining companies to secure a portion of
their future precious metals production. Committed to responsible mining
practices, Wheaton employs industry-leading due diligence practices with a
goal of unlocking long-term value for shareholders while supporting the
broader mining industry to deliver the commodities society needs through
access to capital. Wheaton's shares are listed on the Toronto Stock Exchange,
New York Stock Exchange and London Stock Exchange under the symbol WPM. Learn
more about Wheaton Precious Metals at www.wheatonpm.com or follow us on social
media.

 

About Foresight Canada

Foresight Canada helps the world do more with less, sustainably. As Canada's
largest cleantech innovation and adoption accelerator, they connect public and
private sectors to the world's best clean technologies, de-risking and
simplifying the adoption of innovative solutions that improve productivity,
profitability, and economic competitiveness, all while addressing today's most
urgent climate challenges. Foresight is well-positioned to lead the green
economic transition, having supported 1431+ ventures to generate $549M in
revenues and $2.24B in capital support, run 65+ industry challenges, and
create 9,090+ high-paying jobs. Find out how they're redefining the adoption
and acceleration of cleantech at foresightcac.com
(https://can01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fforesightcac.com%2F&data=05%7C02%7Cemily.hamer%40wheatonpm.com%7C79328a12362c498f938208dd57881d52%7Cef155bdcfbc947aaba8f1b31121bfb94%7C1%7C0%7C638762964312895975%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=P4Jg%2FfFX01NPDDAmJL8OCa0AK3egnATk79fHucAkBm8%3D&reserved=0)
, and join the conversation on LinkedIn
(https://can01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fforesightcac%2F&data=05%7C02%7Cemily.hamer%40wheatonpm.com%7C79328a12362c498f938208dd57881d52%7Cef155bdcfbc947aaba8f1b31121bfb94%7C1%7C0%7C638762964312917019%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=%2FV8eTpNoft%2FNp3sW6g7E2EgVLe%2BAOHpzAL8tBf2qHXg%3D&reserved=0)
.

 

For further information:

Media Contact

Emily Hamer

Director, Communications

Tel: 778-999-3176

Email: emily.hamer@wheatonpm.com

 

Investor Contact

Emma Murray

Vice President, Investor Relations

Tel:1-844-288-9878

Email: info@wheatonpm.com

 

Cautionary Note Regarding Forward Looking-Statements

This press release contains "forward-looking statements" within the meaning of
the United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable Canadian
securities legislation concerning the business, operations and financial
performance of Wheaton. Forward-looking statements, which are all statements
other than statements of historical fact, include, but are not limited to,
statements with respect to sustainability commitments and targets by Wheaton
and at mineral stream interests currently owned by Wheaton (the "Mining
Operations"). Forward-looking statements are subject to known and unknown
risks, uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of Wheaton to be materially
different from those expressed or implied by such forward-looking statements
including (without limitation) risks related to the ability to achieve
sustainability commitments and targets at both Wheaton and the Mining
Operations and other risks discussed in the section entitled "Description of
the Business - Risk Factors" in Wheaton's Annual Information Form for the year
ended December 31, 2023 and the risks identified under "Risks and
Uncertainties" in Wheaton's Management's Discussion and Analysis ("MD&A")
for the year ended December 31, 2023, both available on SEDAR+ and in
Wheaton's Form 6-K filed March 14, 2024, all available on EDGAR.
Forward-looking statements are based on assumptions management currently
believes to be reasonable, including (without limitation) that sustainability
commitments and  targets at both Wheaton and the Mining Operations will be
achieved, there will be no material adverse change in the market price of
commodities, that estimations of future production from the Mining Operations
and mineral reserves and resources are accurate, that the mining operations
from which Wheaton purchases precious metals will continue to operate, that
each party will satisfy their obligations in accordance with the precious
metals purchase agreements, and that Wheaton's application of the CRA
Settlement is accurate (including the Company's assessment that there will be
no material change in the Company's facts or change in law or jurisprudence
for years subsequent to 2010) and possible domestic audits for taxation years
subsequent to 2017 and international audits.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCJIMMTMTTMBMA