Temple Pershing Mining Company progress towards completing the acquisition of $800m Gold Resource Project

Having revived negotiations in regard to the acquisition of an established gold mine in Alaska TPMC have advanced rapidly in recent weeks with the submission of an MOU setting forth a structure agreed by all parties. Together with the team at Temple Pershings funding arm of the group they have put in place an off take for in ground assets together with a funding line to enable this project to commence operations and modernise equipment to upscale production. Located in a particularly harsh area of weather conditions and with $800m of gold confirmed in ground a specialist team will be on site to ensure a smooth programme of restart is enabled. TPMC are experienced working in hostile locations and that normally being from a safety perspective. The companies specialist team in this instance have knowledge and expertise of working in sub zero temperatures and permafrost environments. 

About Temple Pershing Mining Company (“TPMC” or the “Company”)

TPMC is a developer of worldwide mining projects, and is represented by Robert Dougans of Preiskel & Co. LLP, London.

Contact: Temple Pershing Mining – press@tpminingco.com

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