Temple Pershing Mining Company (“TPMC“, or “Company”) prepare to issue latest proposal, as part of the company‘s determination to secure an acquisition agreement for Lindsey Oil Refinery (“LOR”).

For over 4 months, TPMC has attempted to negotiate an acquisition of this key UK site.

The company has since expressed disappointment on hearing that 124 members of LOR’s UK staff were retrenched in October 2025.

Simon Robinson CEO of Temple Pershing Mining Company said,

“ I was born in Lincolnshire and this September, I met with some dear friends who have worked at Lindsey Oil Refinery all their adult life, motivated by the belief that a job at this site meant a job for life. As we have now seen, mismanagement of the site has cost experienced workers their livelihoods. 

Back in the summer, when news of the refinery’s trouble was announced, the TPMC board met with Middle Eastern partners to discuss the possibility of acquiring LOR as a going concern; our partners are an oil dynasty and one of the leading oil producers in the world. They own and operate a portfolio of refineries and have the experience and infrastructure to ensure, with TPMC that LOR is saved and developed for future decades.

The difficulties we have experienced over the last 4 months has been frustrating to say the least. We are here, we are a credible buyer with a strong team ready and able to save jobs and operate the refinery at full capacity as part of a plan for growth at LOR and the immediate area. Our intention will be to buy the site in its entirety and fully fund any investment needed for upgrade and development of the site. This will ensure that there will be no strain on the government purse. We would look to complete an acquisition as rapidly as possible following all the necessary Due Diligence and protocols.

The TPMC legal team are now completing a final version of a proposal that will be submitted to the special managers and administrators in the hope they will be acknowledged with immediate effect”.

ENDS

NOTES TO EDITORS

About Prax Lindsey Oil Refinery (the “Refinery”)

On 30 June 2025, a winding-up order was issued against Prax Lindsey Oil Refinery Limited, along with its associated storage and terminal companies.

The Official Receiver, Gareth Jonathan Allen, was appointed as Liquidator, with FTI Consulting LLP brought in as Special Managers to assist. 

Despite efforts to find a buyer, no credible acquisition emerged, and the refinery began winding down operations in August 2025. 

Lindsey supplied 10% of the UK’s domestically produced fuel, making its closure a major blow to national energy resilience.

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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