On August 22, 2023, SQX Resources Limited announced that it has issued a notice of extraordinary general meeting of shareholders to be held on September 28, 2023, including resolutions submitted by Mounts Bay Investments Pty Ltd for removal of Bryan Granzien and Tim Cooper as directors of the Company and for appointment of David Sanders and Patric Glovac as directors of the Company. As well as, the Company stated that the board recommends shareholders to vote against all resolutions at extraordinary general meeting.