Technology Metals Australia (ASX:TMT) has received a Letter of Interest from EKF Denmark's Export Credit Agency regarding potential financing support for the Murchison Technology Metals Project (MTMP) in Western Australia.

The EKF Letter of Interest contemplates support of around A$150 million and is subject to customary due diligence, satisfactory documentation, approval and sufficient Danish economic interest.

The EKF has extensive and positive experience working with FLSmidth, a key equipment supplier for the MTMP, and is backed by the Danish state, carrying a AAA rating.

TMT is progressing discussions with FLSmidth regarding the supply of various key equipment items and is also implementing a holistic ESG action plan in collaboration with WSP Golder.

The MTMP consists of the Gabanintha and Yarrabubba deposits and will produce high purity vanadium pentoxide (V2O5) and a high value ilmenite by-product.