Wheaton Precious Metals Announces Winner of Future of Mining Challenge
Why we think this is good
This RNS announcement from Wheaton Precious Metals is a positive update that highlights the company's commitment to supporting innovation in the mining industry. The winning technology from ReThink Milling has the potential to significantly improve efficiency and reduce greenhouse gas emissions, which aligns with Wheaton's sustainability goals. The collaboration with industry partners and the support of Foresight Canada suggest a strong ecosystem around this initiative. Overall, this announcement demonstrates Wheaton's proactive approach to driving positive change in the sector.
Key Points
- Wheaton Precious Metals announces winner of inaugural Future of Mining Challenge
- ReThink Milling Inc. awarded $1 million for its CAHM and MonoRoll grinding technologies
- Winning technologies have potential to improve efficiency and reduce greenhouse gas emissions in mining operations
- Future of Mining Challenge supported by Foresight Canada, a cleantech innovation accelerator
Summary
Wheaton Precious Metals has announced the winner of its inaugural Future of Mining Challenge, awarding $1 million to ReThink Milling Inc. for its Conjugate Anvil Hammer Mill (CAHM) and MonoRoll technologies. This innovative grinding solution has the potential to revolutionize the milling process by delivering greater efficiency with significantly lower energy use, leading to reduced greenhouse gas emissions and operating costs. The Future of Mining Challenge is supported by Foresight Canada, Canada's largest cleantech innovation and adoption accelerator. This initiative demonstrates Wheaton's commitment to driving industry-wide innovation and sustainability.