The direct private placement from Koch Strategic Platforms will help the lithium-technology company—and its Arkansas lithium project—expand. Standard Lithium will issue KSP nearly 13.5 million shares at a price of $9.43 each. It closed at $11.09 yesterday. (The Logic)

Talking point: This is the second Canadian battery-materials company recently to nab cash from the Koch empire amid a rush to shore up key supply chains. Ontario battery-recycling company Li-Cycle got a US$100-milion convertible note from Koch’s Strategic Platforms division last month. Lithium companies, in particular, have had some high-profile bidders lately, with an offer to buy Neo Lithium and a flat-out bidding war between three companies over Millennial Lithium. However, the rise, fall and potential rise again of Quebec’s Nemaska Lithium suggests that the commodity isn’t always a straightforward investment—though soaring prices are reportedly leading to contract renegotiations across the industry.