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 valued at USD $12,108,750 with a U.S.-based communications infrastructure partner. The agreement, dated May 12, 2026, establishes a framework for Ironman to provide construction and related services for fiber optic network infrastructure projects in the United States.
Under the agreement, Ironman will perform work under separate statements of work, with compensation paid in lump sums according to each statement. The project is expected to commence in the coming weeks and be completed by the end of 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. “This signed agreement is an important step forward for Ironman as we continue to build our platform around critical infrastructure,” said Mike Irmen, Chief Executive Officer of Ironman. “This project represents more than just laying cable—it’s about connecting families, businesses, schools, and essential services to the opportunities broadband provides.”
Management believes the agreement represents a meaningful commercial milestone for Ironman and provides further validation of the company’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.
Ironman’s management views this agreement as consistent with the company’s strategy of pursuing larger infrastructure opportunities that can leverage its established operating base, equipment fleet, technical expertise, and project execution capabilities. The work is expected to be carried out pursuant to applicable project requirements, permits, engineering documentation, site conditions, customer approvals, and other customary construction considerations. 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 infrastructure services. Through its operating subsidiaries, the company provides services across multiple infrastructure verticals, including telecommunications, electrical, water and sewer, oil and gas, geothermal, and other utility-related applications. Ironman’s common shares trade on the TSX Venture Exchange under the symbol IMI and on the OTCQB Venture Market under the symbol IMITF.
