Vale Base Metals launches circular mining innovation challenge

Highlights:

• Vale Base Metals has launched the Pyrrhotite Resource Recovery Challenge
• Selected solutions will be awarded a prize of $25,000 CAD

TORONTO, March 4, 2024 /CNW/ - Vale Base Metals today launched the Pyrrhotite Resource Recovery Innovation Challenge to facilitate and enhance recovery of valuable metals and minerals contained in pyrrhotite.

The challenge reflects a commitment to driving innovative environmental solutions with a goal to identify and accelerate development of novel approaches to process low-grade pyrrhotite tailings, the solid remnants resulting from the mineral processing of sulphide ore.

"We're committed to safely delivering critical minerals essential for the world's energy transition and continued sustainable economic development," said Adam McMillan, Director of Research and Innovation for Vale Base Metals. "Open innovation is a key enabler that allows us to rapidly identify and trial innovative solutions that can help us unlock value from waste and we look forward to reviewing the innovative solutions this challenge inspires."

Through this challenge, Vale Base Metals invites researchers, innovators, and entrepreneurs to propose innovative technological solutions that can help to unlock value through circular mining while ensuring environmental responsibility.

Proposals will be evaluated until August 2024, with innovation laureates announced in September. Selected solutions will be awarded a prize of $25,000 CAD from Vale Base Metals. Participation in the challenge offers researchers, entrepreneurs, and organizations a chance to showcase their expertise and make a substantial impact with their technology to the future of mining.

For more information about the challenge and how to participate in the #PyrrhotiteResourceRecoveryInnovationChallenge visit www.ninesigma.com/s/ValePyrrhotiteInnovation.

About Vale Base Metals
Vale Base Metals, the business line for Vale's energy transition metals business, is one of the world's largest producers of high-quality nickel and an important producer of copper and responsibly sourced cobalt. With a corporate presence in Toronto, Canada, and operations in Newfoundland & Labrador, Ontario, Manitoba, Indonesia, Brazil, the UK and Japan, the business delivers critical building blocks for a cleaner, greener future.

SOURCE Vale Base Metals

Media Relations Office - Vale, [email protected]