Wheaton Precious Metals awards innovation in mining technology

VANCOUVER - Wheaton Precious Metals (NYSE:WPM) Corp. has named ReThink Milling Inc. as the winner of its inaugural Future of Mining Challenge, awarding the company a US $1 million prize for its groundbreaking grinding technologies. The Conjugate Anvil Hammer Mill (CAHM) and MonoRoll are expected to enhance milling efficiency and reduce energy consumption, leading to lower operational costs and greenhouse gas emissions.

The challenge, which began in September 2024, invited global participants to propose solutions for operational efficiency and environmental impact reduction in the mining industry. This year’s focus was on scalable innovations that could decrease greenhouse gas emissions across mining operations. Foresight Canada, the nation’s largest cleantech innovation accelerator, supports the initiative.

Randy Smallwood, President and CEO of Wheaton Precious Metals, highlighted the importance of innovation in meeting the increasing demand for minerals and metals. He expressed confidence in ReThink Milling’s technology and its potential for commercialization with the support of nine leading mining companies and industry partners.

Steve Wilson, CTO of ReThink Milling, expressed gratitude for the recognition and the opportunity to collaborate with mining companies, which has been instrumental in refining their technology. He looks forward to scaling the CAHM Platform Technology and continuing engagement with collaborators.

Jeanette Jackson, CEO of Foresight Canada, remarked on the challenge’s role in demonstrating cleantech’s transformative power in the mining sector, fostering productivity and supporting a resilient economy.

Wheaton Precious Metals, a top precious metals streaming company, partners with mining companies to secure a portion of their future production. Committed to responsible mining, the company employs leading due diligence practices to unlock long-term shareholder value while supporting commodity access through capital.

Applications for the 2025-2026 Future of Mining Challenge will open later this year, with the next theme to be announced in the coming months. More information about the challenge and ReThink Milling can be found at www.futureofmining.ca.

This article is based on a press release statement from Wheaton Precious Metals Corp.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.