Ironman International Ltd. (TSXV: IMI; OTCQB: IMITF) announced Wednesday 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.
Under the terms, Ironman will perform services under separate statements of work, with payments made in lump sums per each statement. The work is expected to commence within weeks and be completed in 2026. The project 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.
Mike Irmen, Ironman's Chief Executive Officer, stated, "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." He added that the work demonstrates the value of having experienced crews, specialized equipment, and operational capability to support complex fiber infrastructure projects in demanding field conditions.
Management believes the agreement represents a meaningful commercial milestone and provides further validation of Ironman's operating platform in telecommunications infrastructure, trenchless construction, and technically demanding field execution. Revenue associated with the agreement will depend on executed work authorizations, project performance, customer acceptance, timing of work completed, invoicing, payment, and other customary conditions associated with infrastructure construction projects.
The agreement includes provisions relating to project scope, change orders, invoicing, payment, completion criteria, insurance, and other standard terms. 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 services. Its common shares trade on the TSX Venture Exchange under the symbol IMI and on the OTCQB Venture Market under IMITF. For further information, visit https://www.ironmaninternational.com/.
