The share price of North American Construction Group Ltd. (NYSE:NOA) surged by 2.02% between December 22 and December 29, 2025, putting it among the Energy Stocks that Gained the Most This Week. North American Construction Group (NOA) Acquires Iron Mine Contracting North American Construction Group Ltd. (NYSE:NOA) provides a wide range of mining and heavy construction services to customers in the resource development and industrial construction sectors, primarily within the Canadian oil sands. North Ame ...

BUENOS AIRES, AR / ACCESS Newswire / December 30, 2025 / NOA Lithium Brines Inc. (TSXV:NOAL) ("NOA" or the "Company") is pleased to announce that the Company has granted an aggregate of 3,200,000 stock options pursuant to its stock option plan ("Stock Option Plan") to directors, officers, employees, advisors and consultants of the Company, subject to approval by the TSX Venture Exchange. The options issued entitle the holder to acquire the same number of common shares of the Company and will be exercisable ...

Core Viewpoint - North American Construction Group Ltd. (NACG) has announced a definitive share purchase agreement to acquire Iron Mine Contracting (IMC) for approximately $115 million, marking a strategic expansion into the Western Australian market and enhancing its service offerings in the mining sector [1][2][6]. Acquisition of Iron Mine Contracting - IMC is a diversified mining services contractor based in Western Australia, providing services such as contract mining, crushing, and civil services across key commodity sectors including gold, iron ore, and lithium [2][21]. - IMC has a strong order book exceeding $1.0 billion, which includes a recently awarded lithium mining contract with a three-year term [3]. Strategic Rationale for the Acquisition - The acquisition is expected to be immediately accretive, increasing NACG's earnings per share by approximately 20% in 2026 and expanding its exposure to rare earth and critical minerals in Western Australia from 5% to 15% of total earnings [6][7]. - The total estimated consideration of $115 million represents 2.5 times the expected EBITDA in 2026, calculated before any realized synergies [7]. Financing and Transaction Details - The acquisition will be funded through a combination of senior-secured bank financing (65%) and vendor-provided debt financing (35%) [7]. - The upfront payment of approximately $40 million will be funded by NACG's existing revolving credit facility, with additional secured equipment financing of $35 million being assumed [7]. Business Update on Infrastructure Initiatives - NACG aims to achieve 25% of total combined revenue from infrastructure initiatives by 2028, with ongoing progress reported [10]. - The company executed a binding purchase and sale agreement to sell twenty-six Caterpillar 400-ton haul trucks and purchase eight Komatsu 240-ton haul trucks, optimizing fleet utilization [11]. Financial Outlook for 2026 - The overall proforma contractual backlog is projected to be $4.3 billion, with combined revenue estimates for 2026 ranging from $1.5 billion to $1.7 billion [15][16]. - Adjusted EBITDA for 2026 is expected to be between $380 million and $420 million, with adjusted earnings per share projected at $2.85 to $3.15 [16]. Growth and Strategic Positioning - NACG, in partnership with the MacKellar Group, is positioned as a Tier 1 contractor in Australia, capable of pursuing larger opportunities across the country [13]. - The company is actively pursuing major projects in Canada and the U.S., including nation-building projects and mass civil earthworks [14].

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. BUENOS AIRES, ARGENTINA / ACCESS Newswire / December 1, 2025 / NOA Lithium Brines Inc. (TSXV:NOAL)(Frankfurt:N7N) ("NOA" or the "Company") is pleased to announce the closing of its previously announced "bought deal" private placement (the "Offering") for gross proceeds of C$5,918,692 from the sale of 22,764,000 units of ...

Core Points - NOA Lithium Brines Inc. has increased the size of its private placement from gross proceeds of C$4,000,000 to C$5,500,000 due to strong investor demand [1] Company Summary - The company is engaged in a "bought deal" private placement, indicating a commitment from underwriters to purchase the offering [1]

Core Insights - The article discusses the author's extensive experience in stock analysis, particularly in the energy sector, focusing on oilfield equipment services and industrial supply industries [1]. Group 1 - The author has over 14 years of experience in stock analysis, covering both long and short positions in an unbiased manner [1]. - The primary focus of the author's analysis has been on the energy sector for the past 7 years, specifically the oilfield equipment services sector [1]. - The author also covers the industrial supply industry, indicating a broad expertise in related sectors [1].

Core Viewpoint - North American Construction Group Ltd. (NACG) plans to initiate a normal course issuer bid (NCIB) to repurchase up to 2,729,056 common shares, representing approximately 10% of the public float and 9.3% of the total issued shares as of November 10, 2025 [1][3]. Group 1: NCIB Details - The NCIB is set to begin on or around November 20, 2025, and will conclude no later than November 19, 2026 [4]. - The company aims to purchase a maximum of 1,453,727 common shares on the NYSE and alternative trading systems, which is about 5% of the issued and outstanding voting common shares [2][4]. - The average daily trading volume of common shares on the TSX for the six months preceding November 1, 2025, is 94,744 shares, allowing a maximum daily repurchase of 25% of this average, equating to 23,686 shares [4]. Group 2: Rationale for Share Repurchase - The company believes the current market price of its common shares does not reflect their underlying value, presenting an opportunity to acquire shares at attractive prices [3]. - The repurchase is viewed as an effective use of cash resources, benefiting both the company and its shareholders by enhancing liquidity for those looking to sell and increasing the proportionate interests of shareholders who wish to maintain their positions [3]. Group 3: Previous NCIB Performance - Under the previous NCIB, which expired on November 3, 2025, the company was authorized to purchase up to 2,087,577 common shares and successfully repurchased and canceled 1,781,550 shares at an average price of $21.23 per share [5]. Group 4: Automatic Share Purchase Plan (ASPP) - The company has established an automatic share purchase plan (ASPP) with its designated broker, allowing for the purchase of up to 2,729,056 common shares until the NCIB expires [6]. - The ASPP will operate under the broker's discretion, adhering to the purchasing parameters set by the company and applicable regulations [6][7]. - Purchases under the ASPP will be included in the total number of shares available for repurchase under the NCIB [9].

Financial Data and Key Metrics Changes - The company reported EBITDA of CAD 99 million and a gross margin of 14.6%, showing significant improvement from Q2 2025 [3] - Combined revenue reached CAD 390 million, a 6% sequential increase from Q2 2025, despite the seasonally low demand in the oil sands region [3] - Free cash flow for the quarter was CAD 46 million, reflecting disciplined capital maintenance spending [7] - Net debt levels increased slightly to CAD 904 million, with a leverage ratio of 2.3 times [8] Business Line Data and Key Metrics Changes - Australia experienced a 12% sequential revenue increase and a 26% year-over-year growth, generating CAD 188 million in revenue [4] - The gross margin in Australia was 19.6%, benefiting from favorable weather and strong operational performance [5] - The oil sands region posted a gross margin of 9.2%, a significant recovery from Q2 2025 [5][6] Market Data and Key Metrics Changes - The company noted a record top line of CAD 1.5 billion over the last 12 months, driven by high demand in Australia [9] - The bid pipeline increased to over CAD 12 billion, a CAD 2 billion increase since Q2 2025, indicating strong future revenue opportunities [16] Company Strategy and Development Direction - The company aims to focus on growth in Australia, particularly in Western Australia, and to advance infrastructure business opportunities [15] - Strategic priorities include leveraging Nuna experience for Arctic opportunities and right-sizing the Canadian equipment fleet [15] - The company is positioned to capitalize on macro tailwinds in both Australia and Canada, focusing on resource development and infrastructure projects [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery from H1 issues and highlighted a strong Q3 performance [10] - The outlook for Australia remains positive, with expected continued growth in demand for resources and civil construction [12] - In Canada, management anticipates nation-building projects to come to market quickly, supported by government leadership [14] Other Important Information - The company achieved a record safety performance with a trailing 12-month recordable rate of 0.45, exceeding industry standards [9] - The average interest rate for Q3 remained stable at 6.4% [7] Q&A Session Summary Question: Update on memorandums of understanding and Arizona project - Management indicated progress in discussions with potential partners and will provide updates at year-end [18][19] Question: Timing for Fargo-Moorhead project completion and future projects - Substantial completion is expected next fall, with other infrastructure projects anticipated to backfill revenue [20] Question: U.S. infrastructure opportunities and private sector work - Current focus is on public projects, but private sector opportunities are being explored [22] Question: Australia mechanics situation and hiring needs - The company is at historical staffing levels but is open to hiring more skilled workers as needed [24] Question: Precious metals pipeline in Australia - There is a significant pipeline in the Western Australia gold market, with ongoing expansions and new mines [28] Question: Timing for critical mineral projects in Canada - Management is conservative, expecting project kick-offs more likely in 2027 [31] Question: Right-sizing the fleet in Canada - The process is ongoing, with adjustments based on upcoming bids expected to be clearer by mid-December [33] Question: Investment priorities between Canada and Australia - The focus is on maximizing asset returns in Western Australia while pursuing infrastructure projects [35]

Financial Performance - Combined revenue reached a record of $391 million in Q3 2025[13], a rise from $367 million in Q3 2024[16] - Adjusted EBITDA was $99 million in Q3 2025[13], compared to $113 million in Q3 2024[19] - Combined gross profit margin improved to 14.6% in Q3 2025[13], a significant increase from 8.9% in Q2 2025[16] - Adjusted EPS was $0.67 in Q3 2025, a recovery from $0.02 in Q2 2025[19, 21] - Cash provided by operating activities increased to $92 million in Q3 2025, up from $55 million in Q3 2024[24] Regional Performance - Australia experienced a 26% revenue increase due to contract wins and growth assets[15] with revenue of $189 million in Q3 2025, compared to $150 million in Q3 2024[16] - Revenue from wholly-owned entities increased by 11% compared to Q3 2024[17] Operational Efficiency - The company achieved a 100% renewal rate on Australian contracts[13] - Total Recordable Injury Rate is 0.45, and TTM exposure hours reached 7.0 million[35] - Global equipment utilization was 74% in Q3 2025[44] Future Outlook - The company signed a $2.0 billion contract in Queensland[40] - The company is targeting net debt leverage of 2.2x[63]

Core Viewpoint - North American Construction (NOA) reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $0.50 per share, and a decline from $0.85 per share a year ago [1][2] Financial Performance - The company experienced an earnings surprise of -2.00% for the quarter, and has not surpassed consensus EPS estimates over the last four quarters [2] - Revenues for the quarter ended September 2025 were $230.38 million, missing the Zacks Consensus Estimate by 1.39%, but showing an increase from $210.29 million year-over-year [3] Stock Performance - North American Construction shares have declined approximately 34.4% since the beginning of the year, contrasting with the S&P 500's gain of 16.4% [4] Future Outlook - The company's earnings outlook is mixed, with current consensus EPS estimates of $0.55 for the upcoming quarter and $1.44 for the current fiscal year, alongside revenues of $244.76 million and $955.58 million respectively [8] - The Zacks Rank for North American Construction is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Oil and Gas - Mechanical and Equipment industry, to which North American Construction belongs, is currently ranked in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]