Ironman International Ltd. (TSXV: IMI; OTCQB: IMITF) announced that its wholly owned subsidiary, Ironman Directional Drilling Ltd., has entered into a master construction agreement with an arm’s length U.S.-based communications infrastructure partner. The agreement, dated May 12, 2026, establishes a framework for providing construction and related services for fiber optic network infrastructure projects in the United States, with an aggregate compensation of USD $12,108,750.
Work under the agreement is expected to commence within weeks and be completed in 2026. The scope aligns with Ironman’s core capabilities, including fiber optic infrastructure construction, conduit installation, horizontal directional drilling, plowing, splicing, testing, commissioning, and related civil works. Notably, the project will support remote Indigenous communities in east-central Alaska, consistent with the company’s values of community partnership and respect.
“This signed agreement is an important step forward for Ironman as we continue to build our platform around critical infrastructure. This project represents more than just laying cable; it’s about connecting families, businesses, schools, and essential services to the opportunities broadband provides,” said Mike Irmen, CEO of Ironman. “The work under this agreement aligns well with our core values of community partnership and respect. It also demonstrates the value of having experienced crews, specialized equipment, and the operational capability to support complex fiber infrastructure projects in demanding field conditions.”
Management views the agreement as a meaningful commercial milestone and validation of Ironman’s operating platform in telecommunications infrastructure, trenchless construction, and technically demanding field execution. The company’s strategy focuses on pursuing larger infrastructure opportunities that leverage its established operating base, equipment fleet, technical expertise, and project execution capabilities.
The agreement includes standard provisions for infrastructure construction projects, such as project scope, change orders, invoicing, payment, completion criteria, insurance, and other customary terms. Revenue recognition will depend on executed work authorizations, project performance, customer acceptance, timing of work completed, invoicing, payment, and other conditions. A copy of the agreement will be available on the company’s profile at www.sedarplus.ca.
Ironman International Ltd. is a North American infrastructure services company specializing in horizontal directional drilling, trenchless construction, and related utility and telecommunications infrastructure services. Through its operating subsidiaries, the company provides services across multiple verticals, including telecommunications, electrical, water and sewer, oil and gas, geothermal, and other utility-related applications. The company’s common shares trade on the TSX Venture Exchange under the symbol IMI and on the OTCQB Venture Market under the symbol IMITF.
This agreement underscores the growing demand for fiber optic and broadband infrastructure, particularly in underserved areas. For industry leaders, the deal highlights the importance of specialized capabilities in executing complex projects in challenging environments. The project’s focus on connecting remote Indigenous communities also reflects broader trends in bridging the digital divide, a priority for governments and private sector partners alike.
Forward-looking statements in the release are based on management’s current expectations and are subject to risks and uncertainties, including project delays, scope changes, permitting, weather, labor availability, and other factors detailed in the company’s management discussion and analysis available at www.sedarplus.ca.
