In March 2026, Wheaton Precious Metals™ Corp. announced the winner of its second annual Future of Mining Challenge. Cetos Water was awarded US$1 million for its unique technology that turns wastewater from mining activities into clean, reusable water.
“Cetos Water’s approach to tackling one of mining’s most pressing challenges exemplifies the type of bold, practical innovation we set out to support through the Future of Mining Challenge,” said Randy Smallwood, Chief Executive Officer of Wheaton. “Their technology has the potential to improve how water is managed across mining operations, and we are proud to award them with $1 million to continue to advance their work.”
Cetos Water seeks to transform complex wastewater from a liability into a resilient resource: supporting discharge compliance and reducing tailings liabilities in water-abundant regions, while unlocking unconventional water supply in water-scarce areas.
Pictured, from left to right are: Randy Smallwood (CEO, Wheaton); Haytham Hodaly (President, Wheaton); Dr. Eliza Dach (Lead Scientist, Cetos Water); Shannon Knee (Founder and CEO, Cetos Water); Patrick Drouin (Chief Sustainability Officer, Wheaton); and Chris McCleave (Chief Technical Officer, Vale Base Metals).
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