Ironman International Ltd. (TSX-V: IMI; OTCQB: IMITF) provided an update on its operations and business activities, highlighting a robust bidding pipeline and strategic expansion initiatives. The company submitted more than 220 bids in December 2025 and January 2026, spanning projects in British Columbia, Alberta, Northwest Territories, Alaska, and the continental US. Management anticipates a strong workflow for fiscal year 2026, supported by a highly competent workforce, owned equipment, and an internal maintenance department that enables agility across diverse project sizes and terrains.
Ironman's strategy rests on three pillars: business fundamentals, growth, and strategic alignment of staff and suppliers. The company's directional drilling segment experiences seasonality, using late fall and winter for training and job bidding, while its telecom segment, Lite Access, provides stable year-round revenues. This winter, crews remained busy with a full work pipeline. The company believes its customer-focused approach ensures competitiveness in the market.
Growth has been a key focus, with the company doubling its staff from the end of fiscal 2024 to fiscal 2025. Ironman has historically reinvested earnings into training, capital assets, and new segments. A notable development is the establishment of Ironman Pipe Inspection (Ironman PI), a new division offering comprehensive inspection services for critical pipeline systems. Leveraging the company's civil works background, Ironman PI aims to support utility projects across North America, prevent expensive delays, and expand service offerings.
In a corporate update, the company announced that incentive stock options were awarded to directors, officers, employees, and consultants to align interests with shareholders. Management expressed confidence in entering 2026 with a motivated and talented staff positioned to deliver high-quality services and drive growth.
Additionally, Ironman's common shares were upgraded to trade on the OTCQB Venture Market under the symbol IMITF, effective February 18, 2026. This upgrade enhances the company's visibility and accessibility to U.S. investors. The company will announce revenues for fiscal 2025 and provide guidance for fiscal 2026 in March, encompassing both telecom and directional drilling operations.
Ironman International Ltd., established in 1999, is a North American provider of horizontal directional drilling and trenchless infrastructure services, operating 24/7 for residential, commercial, industrial, and utility clients. The company specializes in cost-effective, low-impact underground installations across telecommunications, electrical, water and sewer, oil and gas, geothermal, and irrigation systems. With a modern fleet and experienced team, Ironman executes complex projects in diverse environments, including lakes, rivers, coastal installations, rail corridors, and roadways. The company's common shares are listed on the TSX Venture Exchange under "IMI" and on the OTCQB under "IMITF".
