Wheaton Precious Metals Enters First Australian Streaming Agreement for Jervois Project

Wheaton Precious Metals Corp. (NYSE: WPM) (TSX: WPM) announced it has entered into a definitive precious metals purchase agreement with KGL Resources for a portion of the gold and silver production from the Jervois Project in Australia. This transaction marks Wheaton’s first streaming agreement in the country, representing a strategic expansion of its global portfolio.

The agreement is expected to support construction funding for the fully permitted copper project, which is nearing development. This move aligns with Wheaton’s strategy of expanding its portfolio of assets tied to critical metals in stable jurisdictions. The company focuses on jurisdictions that are aligned with global demand for low-carbon energy infrastructure, positioning itself to benefit from the transition toward cleaner energy sources.

Wheaton Precious Metals is the world’s premier precious metals streaming company, providing shareholders with access to a high-quality portfolio of low-cost, long-life mines around the world. Through strategic streaming agreements like this one with KGL Resources, Wheaton partners with mining companies to secure a portion of their future precious metals production. This business model allows mining companies to access capital for project development while providing Wheaton with long-term exposure to precious metals production.

The company employs due diligence practices with a goal of unlocking long-term value for shareholders while supporting the broader mining industry to deliver the commodities society needs through access to capital. Wheaton’s shares are listed on multiple exchanges including the Toronto Stock Exchange, New York Stock Exchange and London Stock Exchange under the symbol WPM.

This announcement was disseminated on behalf of Wheaton Precious Metals Corp. and may include paid advertising. The latest news and updates relating to WPM are available in the company’s newsroom at https://ibn.fm/WPM. The full press release can be viewed at https://ibn.fm/Bveq5.

The streaming agreement represents a significant development in Australia’s mining sector, where Wheaton had not previously established streaming partnerships. As the Jervois Project moves toward development, this agreement provides crucial funding while giving Wheaton exposure to Australian precious metals production. The timing coincides with increasing global demand for copper and other critical metals essential for renewable energy technologies, electric vehicles, and energy storage systems.

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