North American Construction Group Enters Into A Definitive Share Purchase Agreement To Acquire Iron Mine Contracting; The Acquisition Is Valued At ~$115M

North American Construction Group Ltd. ("NACG" or the "Company") (TSX:NOA, NYSE:NOA) today announced that it has entered into a definitive share purchase agreement to acquire Iron Mine Contracting ("IMC"), a privately owned Western Australian diversified mining services contractor. The acquisition is valued at approximately $115 million ("the Transaction"). Concurrent with this announcement, the Company is providing a year-end update on its infrastructure and fleet optimization initiatives, along with its 2026 financial outlook. All references to dollars are in Canadian dollars.