Ironman International Ltd. (TSXV: IMI; OTCQB: IMITF) announced Friday that its wholly owned subsidiary, Ironman Directional Drilling Ltd., has entered into a master construction agreement dated May 12, 2026, with an arm’s length third-party U.S.-based communications infrastructure partner. The agreement establishes a contractual framework for providing construction and related services for fiber optic network infrastructure projects in the United States.
Under the agreement, Ironman Directional Drilling will provide services under separate statements of work, with total compensation of USD $12,108,750, payable in lump sums per statement of work. The work is anticipated to commence in the next few weeks and is expected to 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. The project will support remote Indigenous communities in east-central Alaska.
Management believes the agreement represents a meaningful commercial milestone 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.
“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. “This project represents more than just laying cable—it’s about connecting families, businesses, schools, and essential services to the opportunities broadband provides. The work under this agreement aligns well with our core values of community partnership and respect, and 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.”
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. Its common shares trade on the TSX Venture Exchange under the symbol IMI and on the OTCQB Venture Market under the symbol IMITF. For further information, visit https://www.ironmaninternational.com/.
