Nevada Sunrise (NEV.v), Pilot Gold's 21% partner on the Kinsley Mountain gold project, is making a foray into lithium.

The company is issuing shares to pick up an option on the Neptune property, an early-stage exploration property located in Clayton Valley, Nevada.

Neighbours include the the Silver Peak lithium mine, now owned by Albemarle Corporation, and Pure Energy's Clayton Valley South project. Pure Energy grabbed the spotlight a week ago by announcing a tentative lithium supply agreement with Elon Musk's Tesla Motors.

The Silver Peak mine, located 15 km to the north, has extracted lithium minerals from brines continuously since 1966.

Nevada Sunrise believes Neptune has the potential to host lithium-bearing brines in subterranean aquifers beneath the Clayton Valley floor. Historical exploration reports obtained by Nevada Sunrise indicate that geologic formations and structures exist at Neptune that are similar to lithium-bearing brine deposit models present elsewhere in the Clayton Valley. Drilling up to 3 vertical holes between 400 to 500 metres deep into the interpreted basin and analyzing any groundwater encountered is considered to be the next step for exploration at Neptune.

For an option to purchase a 100% interest in Neptune, Nevada Sunrise has agreed to issue to the vendors up to 1 million common shares, with 200,000 common shares to be issued upon execution of the deal and TSX Venture Exchange (“TSXV”) acceptance. Nevada Sunrise will issue a further 300,000 shares on the first anniversary of the deal and 500,000 shares on the second anniversary.

Neptune consists of a block of 39 unpatented association placer claims totaling approximately 3,120 acres (1,263 hectares). A 1.5 mile (2.25 kilometre) area of interest applies to the Property. Neptune is subject to a 3.0% gross overriding royalty (“GOR”).

News release: Nevada Sunrise acquires Neptune lithium property in Nevada

Kobex Capital

Rick Rule and Paul van Eeden's cashed-up investment vehicle, Kobex Capital Corp. (KXM.v), announced today that a shareholder is attempting to remove all directors from the board and elect new directors in their place.

Kobex received the shareholder requisition on Sept 17 from Kingsway Financial Services, which claims that it owns approximately 13.24% of Kobex's outstanding shares. Kingsway is calling for a special meeting of the Company's shareholders for the purpose of removing from office all of the existing directors of the Company and electing new directors in their place.

Kobex, chaired by van Eeden, transitioned from a mining exploration company to an investment vehicle a year ago. It purchased 1 million shares of Mountain Province Diamonds in a $5 million private placement announced June 13, 2014.

As of June 30, Kobex had about $34 million in working capital, compared to a recent market capitalization of $27 million. Shares have risen about 28% in the past 3 months.

The Kobex board is reviewing and considering the requisition with its professional advisors. It will respond appropriately in due course as provided under applicable law, at which time further disclosure will be forthcoming. In the meantime, there is no need for shareholders of the Company to take any action.

Kobex has retained Stikeman Elliott LLP as its legal advisors in connection with the requisition and related matters.

News release: Kobex Capital Corp. receives requisition from Kingsway Financial Services

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