How it started
History
Burgundy Diamond Mines Limited was initially known as EHR Resources Limited, an exploration company focused on a single gold and silver project, and publicly traded on the Australian Stock Exchange (ASX:EHX) since January 3, 2013.
On November 20, 2020, EHR Resources changed its name to Burgundy Diamond Mines to reflect the company’s transition into a developer of diamond projects with investments into the Naujaat Diamond Project in Canada’s Northwest Territories and the Botswana Exploration Alliance.
On March 24, 2021, Burgundy Diamond Mines signed an option deed with Glibb River Diamonds Ltd. (ASX:GLB) to acquire 100% ownership of the Ellendale Diamond Project and Blina projects in the West Kimberly region of Australia. The company decided not to exercise the option to acquire the Ellendale Diamond Project on March 20, 2023.
In July 2022, Burgundy launched its luxury diamond brand Maison Mazerea.
On March 14, 2023, Burgundy announced that it had entered into a share purchase agreement with the Arctic Canadian Diamond companies (Arctic Canadian Diamond Holding LLC to acquire 100 percent of the issued capital in Arctic Canadian Diamond Company Ltd. and Arctic Canadian Diamond Marketing N.V.). The transaction closed in July 2023, making Burgundy Diamond Mines a fully-integrated, global-scale company that has the ability to trace the full chain of custody of high-quality sourced diamonds from Ekati Diamond Mine in Canada directly to its customers.
From Wikipedia’s article on Burgundy Diamond Mines, shared under CC BY-SA 4.0.3