Core Lithium (ASX:CXO) share price climbs on government award

The Core Lithium Ltd (ASX: CXO) share price is climbing today after the company received a favourable outcome from the federal government. In mid-afternoon trade, the lithium producer’s shares are swapping hands for 23 cents, up 4.55%.

Let’s take a closer look at what was announced during the morning.

Major boost for Core Lithium

The Core Lithium share price is firmly in the green today after the company updated investors with the positive news.

According to its release, the federal government has granted Major Project Status (MPS) to Core Lithium’s wholly-owned Finniss Lithium Project. This will see the development of its flagship project…