Temple Pershing Mining Company issue a proposal, as part of the company‘s determination to secure an agreement for Lindsey Oil Refinery.

FOR IMMEDIATE RELEASE

London, 16 December 2025

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

The proposal, submitted to the special managers and administrators, includes a SPV buyout structure with a post-acquisition operating plan that continues existing production of refined petroleum products, and makes provision to retain the existing workforce.  

An expansion plan, to develop a USD 1 billion sustainable aviation fuel production facility (SAF) is included, with capability to produce in excess of 250 million litres per annum.

The proposal represents a strategic opportunity to preserve critical UK energy infrastructure while advancing the transition to sustainable fuels.   Poised to deliver economic, environmental, and social benefits, under the Company’s proposal the refinery can be a cornerstone of the UK’s future energy landscape.

Kenneth Roberts, Chairman of Temple Pershing Mining said, “our partners have the financial capability to fulfil this proposal, and together we are in a position to move rapidly.”

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 Company – press@tpminingco.com

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