Milestones

Faer Isles Funding
2020
August 1

Sales of Faer Isles Founder's Club memberships begins.

2021
January 1

Launch of STO (digital share offering) for members of Faer Isles Founders' Club (certificate holders).

February 1

STO starts for the general public.

2021
June 1

STO ends.

December 1

Faer token will be launched for trade on crypto exchanges.

Construction Plan
2020
September

Purchasing of land for the Faer Isles distillery, warehouse, and visitor center in Kvívík.

November

Initiate refurbishment of interim distillery in Vestmanna with capacity of 500 LPA pr. week of new make whisky and gin.

2021
Summer

Develop Kvívík site. Preparations for building Phase 1: the warehouses.

December

Warehouse in Kvívík completed for storage of casks for whisky production.

2022
Summer

Preparations for building Phase 2: the distillery.

December

Distillery building finished. Equipment to be installed and tested.

2023
Spring

Start of production in new distillery in Kvívík.

Summer

Preparations for building Phase 3: the visitor center.

2024
Spring

Visitor center finished.

Faer Isles Production
2019
July 1

Startup of test production in lab facilities in Tórshavn Faroe Islands and in Copenhagen Denmark. Experiments with production of whisky and gin, using seaweed and other extracts of local botanicals.

2021
February

Setup of distillery equipment at interim distillery in Vestmanna with capacity of 500 LPA pr. week, producing new make whisky and gin.

March

Production of gin starts.

March

Production of whisky starts. Newmake is put on casks for maturation.

2024
February

First test batch of whisky is matured 3 years.

Spring

First official batch of whisky is matured 3 years.

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