That’s pretty clear.
FWIW TMT had a letter of interesr as of just about a year ago with the Danish Export Credit Agency;
https://mining.com.au/technology-me...ency-for-murchison-technology-metals-project/
…”indicating potential financing support of the Murchison Technology Metals Project (MTMP) in Western Australia.
The company says the LoI marks a ‘significant’ milestone in the progression of its ‘strong’ and ‘positive’ relationship with EKF, with the Danish company potentially financing $150 million to support the development of Technology Metals Australia’s flagship MTMP.
However, funds are subject to sufficient Danish economic interest in the project, approvals, satisfactory documentation, customary due diligence, and compliance with OECD Arrangement on Officially Supported Export Credits. ..”
But it was linked to ongoing contracts with a Danish company:
ie
… “Danish multinational engineering company FLSmidth (CPH:FLS) to supply various key equipment items including the roasting kiln section, which is required for further development of the MTMP, as well as other Government and commercial sources of finance and funding support.
EKF has provided non-binding indicative terms based on expected Danish content from the involvement of FLSmidth as a key equipment supplier to the MTMP..”
Thanks again Jayden!
(20min delay)