Urban Infrastructure Group Inc. News Releases

Urban Infrastructure Group Inc. Announces Working Capital Funding, Increased Production Activity and Construction Lien Litigation Update

Fri, 27 Mar 2026 08:30:00 -0400

Brampton, Ontario--(Newsfile Corp. - March 27, 2026) - Urban Infrastructure Group Inc. (TSXV: UIG) ("UIG" or the "Corporation"), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, would like to announce that it has entered into a loan arrangement with a related party (the "Lender") whereby the Lender advanced to the Corporation an aggregate of $500,000 (the "Loan"). UIG will use the Loan for working capital and general corporate purposes.

The Loan bears interest at a rate of 12% per annum and is evidenced by a promissory note in favour of the Lender. The Loan is repayable on September 9, 2026. The loan is secured in favour of the Lender in the form of a first ranking charge against any litigation proceeds of all present and future litigation matters involving the Corporation. The loan is also subject to the personal guarantee of the Corporation's Chief Executive Officer.

The Corporation also intends to issue to the Lender, subject to approval of the TSX Venture Exchange (the "TSXV"), as a loan bonus, an aggregate of 5,000,000 common share purchase warrants of the Corporation ("Bonus Warrants"). Each Bonus Warrant entitles the Lender to acquire one (1) common share in the capital of the Corporation at an exercise price of $0.05 per share for a period of one (1) year from the date of the promissory notes (the "Expiry Date").

The Lender is a "related party" (as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")) of the Corporation and, therefore, the Loan is a "related party transaction" (as defined in MI 61-101). UIG is exempt from the formal valuation requirement and the minority approval requirement under MI 61-101 in respect of the Loan since, at the time of the Loan, the fair market value of the consideration for the Loan did not exceed 25% of UIG's market capitalization.

In connection with the Loan, the Corporation will be paying a finder's fee of $25,000 to an arm's length third party.

Up-tick in Business Activity

UIG has its skilled crews operating currently on three (3) sites in the GTA-West in Oakville, Kitchener and Milton. Additionally, UIG has been informed that April 13 will be the start date of the first phase of a 220-home project in Caledon, Ontario.

"Housing shortage in Canada is a systemic issue and one that is not going to be solved overnight. While markets take time to work out imbalances, economic conditions and consumer sentiment, the need for more Canadian housing remains a constant. Urban and its dedicated crews of skilled construction professionals are proud to play a role in addressing this national issue on behalf of our customers, shareholders and Canadian homeowners" said Gary Alves, Chief Executive Officer, UIG.

Update on Previously Disclosed Construction Lien Litigation

As previously disclosed, Urban is a party to five construction lien actions commenced in Ontario under the Construction Act (Ontario) (collectively, the "Actions"). The Actions relate to disputes arising from Urban's provision of certain construction services and materials to various residential development projects. Urban has asserted claims in the Actions for, among other things, amounts it alleges are owing for services and materials supplied and, in certain Actions, additional damages claimed in connection with alleged wrongful termination. The defendants have delivered defences and counterclaims in the Actions and have alleged, among other things, deficiencies and delay, all of which allegations Urban disputes.

Procedural Update

The Corporation confirms the following procedural status updates regarding the Actions, based on information received from counsel and management:

Discoveries were completed in the summer of 2024.
Trial records have been filed for all five Actions.
All Actions have now been set down for trial in their respective jurisdictions.
A pre-trial conference for one of the Actions took place on December 11, 2025.
Pre-trial conferences for two of the Actions are scheduled for April 14, 2026.
A pre-trial conference for one of the Actions is scheduled for July 22, 2026.
A motion to have the Actions tried together has been filed by both the defendants and Urban; however, no motion date has been set yet.

Urban continues to maintain that it supplied services and materials in accordance with its contractual arrangements and denies the allegations advanced in the counterclaims. As with all litigation, the Actions remain subject to court processes, including potential procedural steps and scheduling changes, and there can be no assurance regarding the ultimate outcome. The Corporation will provide further updates regarding the Actions as appropriate in accordance with applicable disclosure obligations.

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:
Gary Alves
T: 647-391-8190
E: gary@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 news release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation (collectively, "forward-looking information"). Forward-looking information is generally identified by the use of forward-looking terminology such as "plans", "expects", "is expected", "scheduled", "intends", "anticipates", "believes" or variations of such words and phrases, or statements that certain actions, events or results "may", "could", "would", "might" or "will" occur or be achieved.

In particular, this news release contains forward-looking information relating to, among other things, the intended use of proceeds of the Loan, the Corporation's current and expected business activity and project timelines (including the anticipated April 13 start date referenced herein), the ability of the Corporation to maintain and expand production activity, the receipt of required approvals of the TSX Venture Exchange in respect of the Bonus Warrants, and the timing and availability (if any) of litigation proceeds that may be realized by the Corporation.

Forward-looking information is based on certain assumptions, including, without limitation, assumptions regarding general economic and market conditions, continued demand for residential housing development activity in the Corporation's markets, the Corporation's ability to deploy crews and resources as planned, the ability of counterparties and customers to perform in accordance with their arrangements, the Corporation's ability to comply with the terms of its financing arrangements, and the receipt of required regulatory approvals.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information. Such risks and uncertainties include, without limitation, risks relating to adverse economic and market conditions, changes in the level of residential construction activity, labour and supply constraints, weather and other operational risks, project scheduling changes or delays, customer and counterparty performance risk, the Corporation's ability to obtain the required approvals of the TSX Venture Exchange, and risks and uncertainties associated with litigation, including the timing and outcome of proceedings and the timing and amount (if any) of proceeds that may be realized.

Although the Corporation 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 forward-looking 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. The Corporation 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/290193

Urban Infrastructure Group Inc. Announces Awarding of Contract

Thu, 04 Dec 2025 09:01:00 -0500

Brampton, Ontario--(Newsfile Corp. - December 4, 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 a residential development in Oakville, Ontario. The contract is for 161 homes in total with work already commenced on 89 homes in December 2025.

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 Halton.

"We are pleased to partner on the Oakville development," said Gary Alves, Chief Executive Officer. "The awarding of this contract further recognizes UIG's commitment to quality and efficient delivery of concrete and drainage solutions essential for sustainable communities."

About Urban Infrastructure Group

Connect with UIG: https://urbaninfrastructuregroup.com/

Contact:

Ungad Chadda
T: 416-219-6866
E: ungad@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/276839

Urban Infrastructure Announces Appointment of Marcus Gillam to Board of Directors

Tue, 02 Dec 2025 09:01:00 -0500

Brampton, Ontario--(Newsfile Corp. - December 2, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("UIG" or the "Corporation") is pleased to announce the appointment of Mr. Marcus Gillam to the board of directors of the Corporation.

Mr. Gillam is currently the Chief Executive Officer of Gillam Group Inc., a private Ontario progressive construction company that specializes in collaborative approaches to achieve superior results. As Chief Executive Officer, he has overseen the growth of Gillam Group from inception to a thriving business with a staff of over 130 people, successfully completing complex and challenging projects throughout the Ontario market.

Mr. Gillam is a project management specialist with over 30 years of experience in the planning and delivery of a wide range of complex construction projects. He has successfully delivered many projects in various sectors and internationally, including through the Ontario alternate finance procurement (i.e. "P3") route, with a focus on extensive pre-construction planning, design management and risk management techniques.

He has worked as a superintendent, estimator, project manager, engineer, client representative, infrastructure developer and executive. He brings a wide perspective and strong capability to the design, approvals and construction stages of each project. Mr. Gillam has been an integral part of many award-winning projects and he is a recipient of a Toronto Construction Association "Best of the Best" award and a British Construction Industry Award.

About Urban Infrastructure Group

Connect with UIG: https://urbaninfrastructuregroup.com/

Contact:

Ungad Chadda
T: 416.219-8666
E: ungad@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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276568

Urban Infrastructure Group Inc. Wins Mandate for 100 Additional New Home Builds in Kitchener, Ontario

Wed, 01 Oct 2025 08:30:00 -0400

Brampton, Ontario--(Newsfile Corp. - October 1, 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 been awarded a contract for concrete and drainage work for a large-scale residential development by one of its largest developer customers in Kitchner, Ontario.

Against the backdrop of a very difficult industry and economic conditions in Ontario, UIG prevailed in what was a very competitive bid process. The contract is for 100 units with a start date set for next month and to be completed in approximately six months.

This latest win comes on the heels of the ~200 new home project win announced in late August. That project is in Milton, Ontario and work is underway this week.

These projects underscore UIG's expertise in delivering critical infrastructure for large-scale residential communities and its commitment to supporting the growth of dynamic regions like Milton and Kitchener.

"We are pleased to partner on the Kitchner development," said Gary Alves, Chief Executive Officer. "The awarding of this contract further recognizes UIG's commitment to quality and efficient delivery of concrete and drainage solutions essential for sustainable communities. There is a long way to go in order to begin to address the supply-demand imbalance in the residential new build industry and UIG is committed to being part of the long term solution."

About Urban Infrastructure Group

Connect with UIG: https://urbaninfrastructuregroup.com/

Contact:
Krisztina Alves
Investor Relations
T: 905-866-2483
E: krisztina@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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268657

Urban Infrastructure Secures Debt

Wed, 03 Sep 2025 19:34:00 -0400

Brampton, Ontario--(Newsfile Corp. - September 3, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("UIG" or the "Corporation"), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, would like to announce that it has entered into a loan arrangement with a related party (the "Lender") whereby the Lender advanced to the Company an aggregate of $500,000 (the "Loan"). UIG will use the Loan for working capital and general corporate purposes.

The Loans bears interest at a rate of 12% per annum and is evidenced by a promissory note in favour of the Lender. The Loan is repayable on the date that is six months from issuance.

The Corporation also intends to issue to the Lender, subject to approval of the TSX Venture Exchange (the "TSXV"), as a loan bonus, an aggregate of 5,000,000 common share purchase warrants of the Corporation ("Bonus Warrant"). Each Bonus Warrant entitles the Lender to acquire one (1) common share in the capital of the Corporation at an exercise price of $0.05 per share for a period of one (1) year from the date of the promissory notes (the "Expiry Date").

The Lenders are "related parties" (as defined in Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101")) of the Corporation and, therefore, the Loan is a Related Party Transaction (as defined in MI 61-101). UIG is exempt from the formal valuation requirement and the minority approval requirement under MI 61-101 in respect of the Loan since, at the time of the Loan, the fair market value of the consideration for the Loan did not exceed 25% of UIG's market capitalization.

In connection with the Loan, the Corporation will be paying a finder's fee of $25,000 to an arm's length third party.

About Urban Infrastructure Group

Connect with UIG: https://urbaninfrastructuregroup.com/

Contact:
Krisztina Alves
T: 905-866-2483
E: krisztina@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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265073

Urban Infrastructure Group Inc. Reports the Filing of June 30th, 2025, Q3 Interim Financial Results and MD&A

Fri, 29 Aug 2025 22:39:00 -0400

Highlights:

Revenue for Q3 2025 was $1.5M compared to prior year Q3 revenue of $662K
Revenue for the nine months ended was $3.9M compared to $4.2M for the same period in 2024
Continued cost control and reduction in operating expense through ongoing staffing and discretionary expense optimization
Independent director Steve Kazas exercises options bolstering working capital
Recently awarded contract valued at ~$2M scheduled for September 2025 in the town of Milton, Ontario

Toronto, Ontario--(Newsfile Corp. - August 29, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("urban" or the "Company"), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces its financial results for three and nine months ended June 30, 2025. All financial information is provided in Canadian dollars unless otherwise indicated.

The Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the three and nine months ended June 30, 2025, are available on the Company's SEDAR profile at www.sedarplus.ca.

Management Commentary on the Third Quarter of Fiscal 2025

The Company recorded a net loss of $527,955 ($0.01 per share) for the three-month period ended June 30, 2025, as compared to net loss of $910,034 ($0.01 per share) for the three-month period ended June 30, 2024. The decrease in net loss is mostly the result of the one-time, first year go public expense in the June 30, 2024 quarter.

Revenues for the three-month period ended June 30, 2025, increased to $1.5M as compared to revenue of $662K for the three-month period ended June 30, 2024. The cost of sales for the three-month period ended June 30, 2025, was $1.3M compared to $1M for the three-month period ended June 30, 2024.

About Urban Infrastructure Group

Urban Infrastructure Group Inc. (TSXV: 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:
Krisztina Alves
T: +1.905.866.2483
E: krisztina@urbaninfrastructuregroup.com

CAUTIONARY NOTES

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 the Company, 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 the Company 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. The Company 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/264587

Urban Infrastructure Announces Passing of its Chairman Harold Wolkin

Fri, 29 Aug 2025 10:22:00 -0400

Brampton, Ontario--(Newsfile Corp. - August 29, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG ) ("UIG" or the "Corporation") regretfully announces the passing of Harold Wolkin, a respected director and Chairman of the Board.

The Board of Directors, management team, and employees of UIG extend their deepest sympathies and heartfelt condolences to Harold's family during this difficult time. Harold was known for his remarkable passion, extensive experience, and unwavering energy in all his endeavors.

Gary Alves, C.E.O., shared his sentiments: "Those of us who had the privilege of knowing Harold recognized him as an exceptional leader and a true friend; his legacy will undoubtedly endure. Harold played a pivotal role in UIG's successful public listing and consistently championed the company's business and future prospects. He was an invaluable director, contributing a wealth of experience and profound wisdom to the board and its committees. His presence will be profoundly missed by all."

About Urban Infrastructure Group

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/264447

Urban Infrastructure Group Inc. Announcing Awarding of Contract

Mon, 18 Aug 2025 09:00:00 -0400

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262859

Urban Infrastructure Group Inc. Reports the Filing of March 31st, 2025, Q2 Interim Financial Results and MD&A

Wed, 28 May 2025 23:42:00 -0400

Highlights:

Revenue for Q2 2025 was $1M compared to prior year Q2 revenue of $1.536M
Revenue for the six months ended was $2.4M compared to $3.5M for the same period in 2024
Reduction in head office operating expense through staffing optimization
Streamlined, industry focused leadership changes:
- Gary Alves, Founder and President assumes the position of Chief Executive Officer
- Steve Kaszas joins the board and Luca Filice appointed Chief Operating Officer

Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) ("urban" or the "Company"), a leading stage-one concrete and drainage infrastructure construction group, specializing in large scale new residential housing developments, announces its financial results for three and six months ended March 31, 2025. All financial information is provided in Canadian dollars unless otherwise indicated.

The Consolidated Financial Statements and Management Discussion and Analysis ("MD&A") for the three and six months ended March 31, 2025, are available on the Company's SEDAR profile at www.sedarplus.ca.

Gary Alves stated, "Urban continues to execute on its core business, while increasing its focus on diversification and vertical integration. While the current market conditions are challenging for the home construction industry as a whole, for those who are nimble and innovative there are opportunities. We at Urban remain committed to our core values of quality, trust and customer focus while at the same time embracing the change. Additionally, I am excited about the most recent addition of Luca Filice to the role of C.O.O. Luca brings a wealth of experience and industry relationships across both the construction and financial sectors. I am working closely with Luca on several initiatives that we look forward to sharing in due course."

Management Commentary on the Second Quarter of Fiscal 2025

The Company recorded a net loss of $367,745 ($0.00 per share) for the three-month period ended March 31, 2025 as compared to net loss of $1,863,622 ($0.32 per share) for the three-month period ended March 31, 2024. The decrease in net loss is mostly the result of the one-time go-public expense in the March 2024 quarter, the vast majority of which was a non-cash expense.

Revenues for the three-month period ended March 31, 2025 decreased to $1,003,322 as compared to revenue of $1,536,307 for the three-month period ended March 31, 2024. The cost of sales for the three-month period ended March 31, 2025, were $877,343 compared to $1,213,023 for the three-month period ended March 31, 2024. The decrease in revenues was a result of a seasonally slow period during the winter months exacerbated by an industry-wide, well-documented slowdown in the residential building market. Many in the industry, media and elsewhere believe this has been caused primarily by developers delaying project launches as they assess the interest rate environment and economic conditions. As a result of these delays, our sales for the quarter were down significantly from the prior year comparative period. That said, we continue to have a strong pipeline of contracted jobs but without the near-term certainty on when these industry delays will moderate. We note that there are some early signs of projects starting back up and our labour crews getting busier, but it remains to be seen if this will take on some permanence. Our belief is that a Bank of Canada rate cut in June would be a positive development.

Shareholder Meeting Results

Urban would also like to announce the voting results from its annual and special meeting of shareholders of the Company (the "Meeting"), which was held on Tuesday May 27, 2025. All meeting matters put before the shareholders of the Company, and as more fully described in the Company's Notice of Annual and Special Meeting of Shareholders and Management Information Circular, dated April 17, 2025, were approved by the requisite majority of votes cast at the Meeting.

A total of 82,252,630 common shares of the Company were voted at the Meeting, representing approximately 78.71% of the total issued and outstanding common shares of the Company as of the record date of the Meeting.

Appointment of Officers

The Company is pleased to announce that the following individuals have been appointed officers of the Company:

Gary Alves - Chief Executive Officer
Luca Filice -Chief Operating Officer
John Ross - Chief Financial Officer

Grant of Stock Options

Urban also announces that it has granted effective May 27, 2025, an aggregate of 2,000,810 options to directors and/or officers of the Company, with such options being exercisable at a price of $0.10 per share until May 27, 2031.

The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

About Urban Infrastructure Group

Urban Infrastructure Group Inc. (TSXV: 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: +1.416.479.9547
E: bill@urbaninfrastructuregroup.com

CAUTIONARY NOTES

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 the Company, 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 the Company 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. The Company 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/253792

Urban Infrastructure Group Adds Capital Markets Depth as Steve Kaszas Joins as Board Director

Tue, 27 May 2025 09:01:00 -0400

Brampton, Ontario--(Newsfile Corp. - May 27, 2025) - Urban Infrastructure Group Inc. (TSXV: UIG) (the "Company") is thrilled to announce the addition of Steve Kaszas to its board of directors.

Steve brings over four decades of experience in the financial services industry and has built a distinguished career characterized by strategic leadership, client-focused investment management, and a deep commitment to community engagement.

Steve began his career at Burns Fry in 1983 and quickly rose to become a shareholder in 1984. As a senior leader with The Altberg Kaszas Group at BMO Nesbitt Burns, Steve leveraged his expertise and global network to deliver investment strategies and superior client service while leveraging his insights from a broad spectrum of international financial resources.

Beyond his professional accomplishments, Steve is a dedicated community advocate and a recipient of the Queen Elizabeth II Golden Jubilee Medal (2003) in recognition of his significant contributions to Canada and the broader community.

The Board firmly believes Steve will be a valuable addition to the Company. "We, at Urban, are fortunate to be able to add a director of Steve's calibre to our board. Steve's impeccable track record at BMO Nesbitt Burns as well as his vast network deliver an advantage that we will leverage on behalf of the Company and its shareholders," said Gary Alves, President and C.O.O.

"I am excited to join the ranks of this hard-working team and assist in their goal of creating homes for all Canadians," said Steve Kaszas.

About Urban Infrastructure Group Inc.

Urban Infrastructure Group stands as a premier provider of concrete and drainage infrastructure construction services, specializing in Stage 1 development-—the critical foundation phase of the construction process. As industry leaders in early-stage infrastructure development, the Company delivers essential groundwork for large-scale, master-planned residential communities throughout Ontario.

With a distinguished portfolio of partnerships, Urban Infrastructure Group collaborates with prominent developers and stakeholders behind Ontario's most ambitious and transformative residential development projects. The Company's expertise in foundational infrastructure enables the successful realization of complex, community-shaping initiatives that form the backbone of the region's expanding residential landscape.

Connect with UIG: https://urbaninfrastructuregroup.com/

Contact:

Bill Mitoulas
Investor Relations
T: 416.479.9547
E: bill@urbaninfrastructuregroup.com

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