North American Construction Group Announces 5-Year Term Contract in the Oil Sands [Canadian Business Journal (Canada)]
North American Construction Group Ltd. Common Shares (no par) (NOA)
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Source: Canadian Business Journal
North American Construction Group Announces 5-Year Term Contract in the Oil Sands CBJ Newsmakers ACHESON, Alberta, Dec. 10, 2018 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) today announced a long-term extension to a key Multiple Use Agreement with a major earthworks customer. The three-year extension takes the existing expiration date of December 2020 to December 2023. As part of this additional term, the Company has secured a five-year contract through 2023 for earthworks services at the customer’s base mine. The value of this backlog is expected to be approximately $750 million. Martin Ferron, Chairman and CEO, stated: “Following on from the two term contract awards in June which have resulted in current backlog over $300 million, we are very pleased that a second significant customer has placed long-term faith in us. The award from our customer is based on demonstrated and tangible resu
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News
- North American Construction Group Ltd. First Quarter Results Conference Call and Webcast Notification [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- 4/1/24 - Form 6-K
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- NOA's page on the SEC website