Wheaton Precious Metals Awards US$1 Million to Cetos Water in Sustainability-Focused Mining Challenge

Wheaton Precious Metals ( (TSE:WPM) ) just unveiled an announcement.

Wheaton Precious Metals has named Cetos Water as the winner of its second annual Future of Mining Challenge, awarding the company US$1 million for a technology that converts mining wastewater into clean, reusable water. The initiative, run in partnership with the University of British Columbia’s Sauder School of Business, drew global interest and highlights growing momentum behind sustainable water management solutions in mining.

Wheaton executives said Cetos Water’s low-energy, solvent-based process could significantly improve water reuse at mine sites, reducing environmental risks and easing constraints on operations, particularly in water-scarce regions. The competition also recognized pH7 Technologies and H2nanO as finalists, and Wheaton plans to focus the next edition of the challenge on technologies that reduce land impacts through more efficient mining and processing, reinforcing its positioning as a capital provider backing sustainability-focused innovation across the sector.

More about Wheaton Precious Metals

Wheaton Precious Metals is a leading precious metals streaming company that secures rights to a portion of future production from low-cost, long-life mines worldwide. Through these streaming agreements, the Vancouver-based firm provides miners with access to capital while offering its own shareholders diversified exposure to precious metals, underpinned by a focus on responsible mining practices and long-term value creation.

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