Brampton, Ontario--(Newsfile Corp. - August 18, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("UIG" or the "Corporation"), a concrete and drainage infrastructure construction company focused on new residential housing projects, has received a contract for concrete and drainage work for Phase 5 of a residential development in Milton, Ontario. The contract is valued at approximately $2 million for 197 units. Work is scheduled to begin in September 2025 and is expected to continue for six months.
This project underscores UIG's expertise in delivering critical infrastructure for large-scale residential communities and its commitment to supporting the growth of dynamic regions like Milton.
"We are pleased to partner on this important Milton development," said Gary Alves, Chie Executive Officer. "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."
Furthermore, the Corporation announces that, subsequent to its press release dated May 12, 2025, it has issued a total of 750,000 common share purchase warrants as a loan bonus (each referred to as a "Bonus Warrant"). Each Bonus Warrant grants the holder the right to acquire one (1) common share of the Corporation at an exercise price of $0.07 per share until March 4, 2026 (the "Expiry Date"). The Expiry Date is subject to acceleration should the closing price of UIG's common shares on the TSX Venture Exchange reach or exceed $0.20 per share for any period of 10 consecutive trading days.
About Urban Infrastructure Group
UIG is a leading concrete and drainage infrastructure construction group engaged in the earliest stage of the construction process - known as Stage One. Urban Infrastructure Group specializes in large-scale, master-planned residential communities, with partners and customers behind some of Ontario's most significant residential development projects.
Connect with UIG: https://urbaninfrastructuregroup.com/.
Contact:
Bill Mitoulas
Investor Relations
T: 416.479.9547
E: bill@urbaninfrastructuregroup.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain acts, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of UIG, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Some of these risks are described under the "Caution on Forward-Looking Information" section and "Risk Factors" section of the MD&A. Although UIG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. UIG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262859
SOURCE: Urban Infrastructure Group Inc.
