North American Construction Group Ltd. Announces Award of Australian Civil Construction Project

Core Viewpoint - North American Construction Group Ltd. (NACG) has secured an early works and development contract from a major copper producer in New South Wales, Australia, which is expected to generate approximately $100 million in revenue [2][3]. Group 1: Project Details - The project involves establishing site infrastructure, initial overburden removal, and closing a previously used reclamation facility [1]. - Work is set to commence in the first quarter of 2025 and is scheduled for completion in the second quarter of 2026 [2]. - The project will utilize existing owned and leased equipment, primarily sourced from Canada [2]. Group 2: Strategic Importance - This contract reflects NACG's objective of geographic and customer diversification, marking MacKellar's entry into the New South Wales region [2][3]. - The project is critical for both the customer's mine production ramp-up and NACG's success as a contractor in the region [3]. Group 3: Financial Outlook - The awarded project contributes to over 90% visibility of NACG's combined revenue midpoint for 2025, although it does not alter the estimated revenue ranges for the year [4]. Group 4: Company Background - MacKellar Group, a wholly owned subsidiary of NACG since 2023, has been operating since 1966 and is known for its performance and reliability in heavy earthmoving equipment solutions [5]. - NACG is one of the largest providers of heavy construction and mining services in Canada and Australia, with over 70 years of experience in the mining, resource, and infrastructure construction markets [6].