An investment arm of Wichita-based Koch Industries Inc. has put $100 million behind a company working on a new way to extract lithium. Koch Strategic Platforms (KSP) will make the investment in Canada-based Standard Lithium through a direct private placement in the company valued at more than 13.4 million shares. The deal also allows for potential collaboration with other Koch subsidiaries, including Koch Engineered Solutions and Koch Minerals & Trading.

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