Business
Ironman International Enters Into Master Construction Agreement for $12,108,750 (USD) U.S. Fiber Infrastructure Work
VANCOUVER, BC - May 15, 2026 (NEWMEDIAWIRE) - Ironman International Ltd. (TSXV: IMI; OTCQB: IMITF) ("Ironman" or the "Company") is pleased to announce that its wholly owned operating subsidiary, Ironman Directional Drilling Ltd. ("Ironman Directional...
About this update from Ironman International Ltd.
[{"type":"text","content":"VANCOUVER, BC - May 15, 2026 (NEWMEDIAWIRE) - Ironman International Ltd. (TSXV: IMI; OTCQB: IMITF) ("Ironman" or the "Company") is pleased to announce that its wholly owned operating subsidiary, Ironman Directional Drilling Ltd. ("Ironman Directional Drilling"), has entered into a master construction agreement dated as of May 12, 2026 with an arm's length third party U.S.-based communications infrastructure partner to provide construction and related services for fiber optic network infrastructure projects in the United States.","length":567,"tagName":"p"},{"type":"text","content":"The agreement establishes a contractual framework under which Ironman Directional Drilling will provide construction and related services for fiber optic network infrastructure services under separate statements of work. As compensation for such services, the counterparty will pay to Ironman Directional Drilling an aggregate of USD $12,108,750.00, payable in lump sums in accordance with each statement of work. The costs and expenses associated with the services conducted by Ironman Directional Drilling will be reflected in the Company's financial statements. The work is anticipated to commence in the next couple of weeks and is expected to be completed in 2026. The anticipated 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, consistent with the Company's values.","length":1035,"tagName":"p"},{"type":"text","content":"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.","length":268,"tagName":"p"},{"type":"text","content":"The agreement represents a material commercial opportunity for Ironman. 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.","l...