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 establishes a framework for Ironman to provide construction and related services for fiber optic network infrastructure projects in the United States, with work anticipated to commence in the coming weeks and completion expected by the end of 2026.
The contract, dated May 12, 2026, outlines that Ironman will deliver services under separate statements of work, with compensation paid in lump sums per statement. 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, reflecting the company's stated values of community partnership and respect.
Management views the agreement as a meaningful commercial milestone that validates Ironman's operating platform in telecommunications infrastructure and trenchless construction. “This signed agreement is an important step forward for Ironman as we continue to build our platform around critical infrastructure,” said Mike Irmen, CEO of Ironman, in a statement. “This project represents more than just laying cable—it’s about connecting families, businesses, schools, and essential services to the opportunities broadband provides.” Irmen emphasized that the work aligns with the company’s core values and demonstrates the value of experienced crews, specialized equipment, and operational capability in demanding field conditions.
The agreement includes standard provisions for 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 typical of infrastructure construction projects. A copy of the agreement will be available on the company’s profile at www.sedarplus.ca.
Ironman International 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. The company’s strategy focuses on pursuing larger infrastructure opportunities that leverage its established operating base, equipment fleet, technical expertise, and project execution capabilities.
Forward-looking statements in the announcement caution that actual results may differ materially due to risks including project delays, scope changes, permitting, engineering, site conditions, labour availability, supply chain constraints, and other factors. The company undertakes no obligation to update these statements except as required by law.
