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 a 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.
The work, anticipated to commence within weeks and be completed in 2026, will support remote Indigenous communities in east-central Alaska. 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. According to the company, the project represents more than just laying cable; it is about connecting families, businesses, schools, and essential services to broadband opportunities.
Mike Irmen, CEO of Ironman, stated, "This signed agreement is an important step forward for Ironman as we continue to build our platform around critical infrastructure. 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 for project scope, change orders, invoicing, payment, completion criteria, insurance, and other standard terms. Revenue recognition will depend on executed work authorizations, project performance, customer acceptance, and timing of work completed. The costs and expenses associated with the services will be reflected in the company's financial statements.
Management believes this agreement provides further validation of Ironman's operating platform in telecommunications infrastructure, trenchless construction, and technically demanding field execution. The company views it as consistent with its strategy of pursuing larger infrastructure opportunities that leverage its established operating base, equipment fleet, technical expertise, and project execution capabilities.
A copy of the agreement will be available on the company's profile at www.sedarplus.ca.
