Here’s why the Core Lithium (ASX:CXO) share price stormed 19% higher today

The Core Lithium Ltd (ASX: CXO) share price has been a very strong performer on Wednesday morning.

In early trade the emerging lithium miner’s shares jumped as much as 19% higher to 25 cents.

The Core Lithium share price has since dropped back a touch but is still up 9% to 23 cents at the time of writing.

This latest gain means its shares are now up an incredible 360% over the last couple of months.

Why is the Core Lithium share price jumping higher?

Investors have been buying the company’s shares this morning following the release of a positive announcement.

According to the release, Core Lithium has been granted a mineral lease for the high-grade BP33 Lithium Deposit. This is a key component of the company’s 100%-owned…