Urban wins contract for phase 5 concrete, drainage work

Executive Summary

• Urban Infrastructure Group Inc. has secured a contract valued at approximately $2 million for concrete and drainage work on Phase 5 of a residential development in Milton, Ontario, covering 197 units.
• The company also disclosed the issuance of 750,000 common share purchase warrants as a loan bonus, following a previous press release dated May 12, 2025.
• The contract work is scheduled to commence in September 2025 and is expected to last for six months.

Key Details

• Contract Value: Approximately $2 million.
• Project Scope: Concrete and drainage work for Phase 5 of a residential development.
• Location: Milton, Ontario.
• Unit Count: 197 residential units.
• Timeline: Work begins in September 2025; duration is expected to be six months.
• Warrant Issuance: 750,000 common share purchase warrants issued as a loan bonus.
• Warrant Terms:
  • Exercise Price: $0.07 per share.
  • Expiration Date: March 4, 2026.
  • Acceleration Clause: Expiry accelerates if the closing price of common shares on the TSX Venture Exchange reaches or exceeds $0.20 for any 10 consecutive trading days.

Notable Quotes

• "We are pleased to partner on this important Milton development. This contract recognizes our team's commitment to quality and efficient delivery of concrete and drainage solutions essential for sustainable communities. We look forward to supporting the completion of 197 new homes." — Gary Alves, Chief Executive Officer