Quantum Metal Recovery Inc. (QMRI), the largest shareholder of Besra Gold Inc., has initiated legal proceedings against Besra in the Superior Court of Justice in Ontario. The action follows Besra's ASX announcement on May 22, 2025, which QMRI claims contains partisan and potentially defamatory content. QMRI is seeking to replace Besra's current board and aims to address what it describes as stalled progress on the Bau Gold Project. The legal filing, part of QMRI's strategy to realign the company with shareholder expectations, is publicly available.
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