en.Wedoany.com Reported - Wheaton Precious Metals Corp. announced the launch of the third Future of Mining Challenge, seeking innovative technology solutions from around the world that can optimize mining methods and reduce land impact. The challenge offers a total prize of $1 million, which will be awarded to a clean technology company with technologies that enhance ore body knowledge or improve extraction processes.

Haytham Hodaly, President and CEO of Wheaton, stated that mining resources underpin nearly every industry, and as global demand grows, the need to responsibly produce these resources becomes increasingly critical. The company believes innovation is key to improving efficiency, enhancing performance, and reducing environmental impact. The third Future of Mining Challenge is dedicated to advancing solutions that optimize mining methods and minimize land impact.

Patrick Drouin, Chief Sustainability Officer of Wheaton, noted that the mining industry has made significant progress driven by the ingenuity of entrepreneurs committed to advancing the sector. By supporting bold early-stage technologies, there is potential to accelerate next-generation solutions that improve performance and reduce environmental impact.

According to the rules, Wheaton invites clean technology innovators worldwide to submit letters of intent by Friday, August 21, 2026, at 11:59 p.m. Pacific Time. After reviewing all letters of intent, the company will invite selected enterprises to submit full applications in September 2026. An information session will be held in early July to provide guidance to applicants and answer questions about the process.

Wheaton is again partnering with the University of British Columbia's Sauder School of Business, leveraging the team's expertise in business building and early-stage innovation support. The winner of the 2026/2027 Future of Mining Challenge will be announced in March 2027 at the PDAC Convention (the world's largest mining conference) in Toronto.

Previously announced, the 2025/2026 Future of Mining Challenge focused on sustainable water management, with Cetos Water being named the winner for its innovative technology that converts mining wastewater into clean, reusable water, receiving a $1 million award.

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