Core Points - Badger Infrastructure Solutions Ltd. announced its intention to renew its normal course issuer bid (NCIB) to purchase and cancel up to 2,910,453 common shares from August 26, 2025, to August 25, 2026, or until the shares are purchased or the bid is terminated [1] - The company believes that the market price of its common shares may not fully reflect its underlying business value, and repurchasing shares may enhance long-term shareholder returns [2] - The maximum number of shares to be purchased under the NCIB represents 10.0% of the company's public float as of August 14, 2025, or approximately 8.6% of the 33,740,238 issued and outstanding shares [3] Company Operations - Badger Infrastructure Solutions Ltd. is North America's largest provider of non-destructive excavating services, serving contractors and facility owners in various infrastructure industries [7] - The company's key technology, the Badger Hydrovac™, is used for safe excavation around critical infrastructure, utilizing a pressurized water stream and a vacuum system [8] - Badger designs and manufactures all hydrovac units at its plant in Red Deer, Alberta, with an annual production capacity exceeding 350 units [8] Previous NCIB Performance - Under the previous NCIB, which ran from August 26, 2024, to August 25, 2025, the company was approved to purchase up to 2,658,294 common shares and successfully purchased and canceled 733,200 shares at a weighted average price of CAD$37.49 per share [6]