Ironman International Secures $12.1 Million Fiber Optic Contract for Indigenous Communities in Alaska

Ironman International Ltd. (TSXV: IMI; OTCQB: IMITF) announced Wednesday that its wholly owned subsidiary, Ironman Directional Drilling Ltd., has signed a master construction agreement valued at $12,108,750 USD to provide fiber optic network infrastructure services in the United States. The agreement, dated May 12, 2026, with an arm’s length third-party communications infrastructure partner, establishes a framework for construction and related services under separate statements of work.

The project is expected to commence within weeks and be completed by the end of 2026. It will focus on connecting remote Indigenous communities in east-central Alaska, aligning with the company’s core values of community partnership. The scope of work includes fiber optic infrastructure construction, conduit installation, horizontal directional drilling, plowing, splicing, testing, commissioning, and related civil works.

“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. “This project represents more than just laying cable, it’s about connecting families, businesses, schools, and essential services to the opportunities broadband provides.”

Management views the agreement as a meaningful commercial milestone that validates the company’s operating platform in telecommunications infrastructure and trenchless construction. Revenue recognition will depend on executed work authorizations, project performance, customer acceptance, and other customary conditions. The costs and expenses associated with the services will be reflected in the company’s financial statements.

The agreement includes standard provisions for project scope, change orders, invoicing, payment, completion criteria, insurance, and other terms applicable to infrastructure construction projects. 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 utility and telecommunications services. Its common shares trade on the TSX Venture Exchange under the symbol IMI and on the OTCQB under IMITF. For more information, visit https://www.ironmaninternational.com/.

The company’s management believes this contract demonstrates the value of having experienced crews, specialized equipment, and operational capability to support complex fiber infrastructure projects in demanding field conditions. The work aligns with Ironman’s strategy of pursuing larger infrastructure opportunities that leverage its established operating base, equipment fleet, and technical expertise.

Forward-looking statements in the release involve risks and uncertainties that could cause actual results to differ materially, including project delays, scope changes, permitting issues, and other factors detailed in the company’s management discussion and analysis available on SEDAR+.

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