Wheaton Precious Metals ( (TSE:WPM) ) has provided an announcement.
Wheaton Precious Metals announced ReThink Milling Inc. as the winner of its inaugural Future of Mining Challenge, awarding them $1 million for their innovative Conjugate Anvil Hammer Mill (CAHM) and MonoRoll technologies. These technologies promise to enhance milling efficiency while reducing energy consumption and greenhouse gas emissions. The challenge, supported by Foresight Canada, aims to foster scalable technologies that minimize environmental impacts in mining. The award is expected to aid ReThink Milling in advancing their technology towards commercialization, with support from industry collaborators.
More about Wheaton Precious Metals
Wheaton Precious Metals is a leading precious metals streaming company that provides shareholders with access to a diverse portfolio of low-cost, long-life mines globally. The company partners with mining companies through strategic streaming agreements to secure a portion of their future precious metals production, focusing on responsible mining practices and long-term value creation.
YTD Price Performance: 18.68%
Average Trading Volume: 1,451,427
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $31.4B
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