<SEC-DOCUMENT>0001085146-24-005575.txt : 20241113
<SEC-HEADER>0001085146-24-005575.hdr.sgml : 20241113
<ACCEPTANCE-DATETIME>20241113100119
ACCESSION NUMBER:		0001085146-24-005575
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20241113
DATE AS OF CHANGE:		20241113

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			North American Construction Group Ltd.
		CENTRAL INDEX KEY:			0001368519
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-82223
		FILM NUMBER:		241451659

	BUSINESS ADDRESS:	
		STREET 1:		27287 100 AVENUE
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 6H8
		BUSINESS PHONE:		780-960-7171

	MAIL ADDRESS:	
		STREET 1:		27287 100 AVENUE
		CITY:			ACHESON
		STATE:			A0
		ZIP:			T7X 6H8

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	North American Energy Partners Inc.
		DATE OF NAME CHANGE:	20061129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NORTH AMERICAN ENERGY PARTNERS INC.
		DATE OF NAME CHANGE:	20061129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NACG Holdings Inc.
		DATE OF NAME CHANGE:	20060707

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF MONTREAL /CAN/
		CENTRAL INDEX KEY:			0000927971
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL BANKS, NEC [6029]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		1 FIRST CANADIAN PLACE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5X 1A1
		BUSINESS PHONE:		416-867-7277

	MAIL ADDRESS:	
		STREET 1:		1 FIRST CANADIAN PLACE
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5X 1A1
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>noa_111324.htm
<DESCRIPTION>BANK OF MONTREAL
<TEXT>

<html>
<head>
    <title>noa_111324.htm</title>
</head>
<body>

    <div style="font-family: Georgia,'Times New Roman',Times,serif; font-size: 10pt; width: 8.2in;">
        <div>
            <div style="text-align: center; font-size: 12pt; font-weight: bold;">
                <div style="margin: auto;">UNITED STATES</div>
                <div style="margin: auto;">SECURITIES AND EXCHANGE COMMISSION</div>
                <div style="font-size: 11pt;">Washington, D.C. 20549</div>
                <div style="padding: 1em 0;">SCHEDULE 13G</div>
                <div style="padding: 1em 0; font-size: 11pt;">
                    <div>Under the Securities Exchange Act of 1934</div>

                </div>
                <div style="padding: 1em 0;">
                    <div style="text-decoration: underline;">North American Construction Group Ltd</div>
                    <div style="font-weight: normal; font-size: 11pt;">(Name of Issuer)</div>
                </div>
                <div style="padding: 1em 0;">
                    <div style="text-decoration: underline;">Common Shares</div>
                    <div style="font-weight: normal; font-size: 11pt;">(Title of Class of Securities)</div>
                </div>
                <div style="padding: 1em 0;">
                    <div style="text-decoration: underline;">656811106</div>
                    <div style="font-weight: normal; font-size: 11pt;">(CUSIP Number)</div>
                </div>
                <div style="padding: 1em 0;">
                    <div style="text-decoration: underline;">September 30, 2024</div>
                    <div style="font-weight: normal; font-size: 11pt;">(Date of Event which Requires Filing of this Statement)</div>
                </div>
            </div>
            <div style="padding: 1em 0;">
                Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
            </div>
            <div style="padding: 1em 0; text-align: center;">
                <div style="display: inline-block; text-align: left; margin: 0 auto;">
                    <div>[X] Rule 13d-1(b)</div>
                    <div>[&nbsp;&nbsp;&nbsp;] Rule 13d-1(c)</div>
                    <div>[&nbsp;&nbsp;&nbsp;] Rule 13d-1(d)</div>
                </div>
            </div>
            <div style="padding: 1em 0;">
                * The remainder of this cover page shall be filled out for a reporting person's initial filing on
				this form with respect to the subject class of securities, and for any subsequent amendment
				containing information which would alter the disclosures provided in a prior cover page.
            </div>
            <div style="padding: 1em 0;">
                The information required in the remainder of this cover page shall not be deemed to be "filed"
				for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject
				to the liabilities of that section of the Act but shall be subject	to all other provisions of the
				Act (however, see Instructions).
            </div>
        </div>

                <div style="page-break-before: always; margin-top: 4em;">
                    <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                    <table border="0" cellpadding="5" style="font-size: 10pt; width: 100%; border-collapse: collapse;">
                        <tr>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 10%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 80%;">&nbsp;</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">1</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="margin-bottom: 1em;">
                                    <div style="font-weight: bold;">NAME OF REPORTING PERSON</div>
                                    <div>BANK OF MONTREAL</div>
                                </div>
                                <div>
                                    <div style="font-weight: bold;">I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)</div>
                                    <div></div>
                                </div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">2</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
                                <div>(a)  [&nbsp;&nbsp;&nbsp;]</div>
                                <div>(b)  [&nbsp;&nbsp;&nbsp;]</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">3</td>
                            <td colspan="3" style="font-weight: bold;">SEC USE ONLY</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">4</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
                                <div>Canada</div>
                            </td>
                        </tr>
                        <tr>
                            <td rowspan="4" colspan="2" style="width: 10%; text-align: center; border: solid 1px; font-weight: bold;">NUMBER OF SHARES BENEFICIALLY OWNED	BY EACH REPORTING PERSON WITH</td>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">5</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE VOTING POWER</div>
                                <div>2,743,226</div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">6</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED VOTING POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">7</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE DISPOSITIVE POWER</div>
                                <div>2,743,226</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">8</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED DISPOSITIVE POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">9</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                                <div>2,743,226</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">10</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
                                [&nbsp;&nbsp;&nbsp;]
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">11</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                                <div>9.8%</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">12</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">TYPE OF REPORTING PERSON</div>
                                <div>HC</div>
                            </td>
                        </tr>

                    </table>
                </div>

                <div style="page-break-before: always; margin-top: 4em;">
                    <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                    <table border="0" cellpadding="5" style="font-size: 10pt; width: 100%; border-collapse: collapse;">
                        <tr>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 10%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 80%;">&nbsp;</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">1</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="margin-bottom: 1em;">
                                    <div style="font-weight: bold;">NAME OF REPORTING PERSON</div>
                                    <div>BANK OF MONTREAL HOLDING INC.</div>
                                </div>
                                <div>
                                    <div style="font-weight: bold;">I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)</div>
                                    <div></div>
                                </div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">2</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
                                <div>(a)  [&nbsp;&nbsp;&nbsp;]</div>
                                <div>(b)  [&nbsp;&nbsp;&nbsp;]</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">3</td>
                            <td colspan="3" style="font-weight: bold;">SEC USE ONLY</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">4</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
                                <div>Canada</div>
                            </td>
                        </tr>
                        <tr>
                            <td rowspan="4" colspan="2" style="width: 10%; text-align: center; border: solid 1px; font-weight: bold;">NUMBER OF SHARES BENEFICIALLY OWNED	BY EACH REPORTING PERSON WITH</td>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">5</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE VOTING POWER</div>
                                <div>2,662,321</div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">6</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED VOTING POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">7</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE DISPOSITIVE POWER</div>
                                <div>2,662,321</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">8</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED DISPOSITIVE POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">9</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                                <div>2,662,321</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">10</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
                                [&nbsp;&nbsp;&nbsp;]
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">11</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                                <div>9.5%</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">12</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">TYPE OF REPORTING PERSON</div>
                                <div>BK</div>
                            </td>
                        </tr>

                    </table>
                </div>

                <div style="page-break-before: always; margin-top: 4em;">
                    <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                    <table border="0" cellpadding="5" style="font-size: 10pt; width: 100%; border-collapse: collapse;">
                        <tr>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 10%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 80%;">&nbsp;</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">1</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="margin-bottom: 1em;">
                                    <div style="font-weight: bold;">NAME OF REPORTING PERSON</div>
                                    <div>BMO NESBITT BURNS INC. WEALTH MANAGEMENT</div>
                                </div>
                                <div>
                                    <div style="font-weight: bold;">I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)</div>
                                    <div></div>
                                </div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">2</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
                                <div>(a)  [&nbsp;&nbsp;&nbsp;]</div>
                                <div>(b)  [&nbsp;&nbsp;&nbsp;]</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">3</td>
                            <td colspan="3" style="font-weight: bold;">SEC USE ONLY</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">4</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
                                <div>Canada</div>
                            </td>
                        </tr>
                        <tr>
                            <td rowspan="4" colspan="2" style="width: 10%; text-align: center; border: solid 1px; font-weight: bold;">NUMBER OF SHARES BENEFICIALLY OWNED	BY EACH REPORTING PERSON WITH</td>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">5</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE VOTING POWER</div>
                                <div>2,075,609</div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">6</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED VOTING POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">7</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE DISPOSITIVE POWER</div>
                                <div>2,075,609</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">8</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED DISPOSITIVE POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">9</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                                <div>2,075,609</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">10</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
                                [&nbsp;&nbsp;&nbsp;]
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">11</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                                <div>7.4%</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">12</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">TYPE OF REPORTING PERSON</div>
                                <div>BD</div>
                            </td>
                        </tr>

                    </table>
                </div>

                <div style="page-break-before: always; margin-top: 4em;">
                    <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                    <table border="0" cellpadding="5" style="font-size: 10pt; width: 100%; border-collapse: collapse;">
                        <tr>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 10%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 80%;">&nbsp;</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">1</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="margin-bottom: 1em;">
                                    <div style="font-weight: bold;">NAME OF REPORTING PERSON</div>
                                    <div>BMO PRIVATE INVESTMENT COUNSEL INC.</div>
                                </div>
                                <div>
                                    <div style="font-weight: bold;">I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)</div>
                                    <div></div>
                                </div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">2</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
                                <div>(a)  [&nbsp;&nbsp;&nbsp;]</div>
                                <div>(b)  [&nbsp;&nbsp;&nbsp;]</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">3</td>
                            <td colspan="3" style="font-weight: bold;">SEC USE ONLY</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">4</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
                                <div>Canada</div>
                            </td>
                        </tr>
                        <tr>
                            <td rowspan="4" colspan="2" style="width: 10%; text-align: center; border: solid 1px; font-weight: bold;">NUMBER OF SHARES BENEFICIALLY OWNED	BY EACH REPORTING PERSON WITH</td>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">5</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE VOTING POWER</div>
                                <div>1,788,867</div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">6</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED VOTING POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">7</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE DISPOSITIVE POWER</div>
                                <div>1,788,867</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">8</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED DISPOSITIVE POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">9</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                                <div>1,788,867</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">10</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
                                [&nbsp;&nbsp;&nbsp;]
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">11</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                                <div>6.4%</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">12</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">TYPE OF REPORTING PERSON</div>
                                <div>IA</div>
                            </td>
                        </tr>

                    </table>
                </div>

                <div style="page-break-before: always; margin-top: 4em;">
                    <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                    <table border="0" cellpadding="5" style="font-size: 10pt; width: 100%; border-collapse: collapse;">
                        <tr>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 10%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 5%;">&nbsp;</td>
                            <td style="line-height: 1px; width: 80%;">&nbsp;</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">1</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="margin-bottom: 1em;">
                                    <div style="font-weight: bold;">NAME OF REPORTING PERSON</div>
                                    <div>BMO ASSET MANAGEMENT INC.</div>
                                </div>
                                <div>
                                    <div style="font-weight: bold;">I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)</div>
                                    <div></div>
                                </div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">2</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</div>
                                <div>(a)  [&nbsp;&nbsp;&nbsp;]</div>
                                <div>(b)  [&nbsp;&nbsp;&nbsp;]</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">3</td>
                            <td colspan="3" style="font-weight: bold;">SEC USE ONLY</td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">4</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
                                <div>Canada</div>
                            </td>
                        </tr>
                        <tr>
                            <td rowspan="4" colspan="2" style="width: 10%; text-align: center; border: solid 1px; font-weight: bold;">NUMBER OF SHARES BENEFICIALLY OWNED	BY EACH REPORTING PERSON WITH</td>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">5</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE VOTING POWER</div>
                                <div>1,788,867</div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">6</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED VOTING POWER</div>
                                <div></div>
                            </td>
                        </tr>
                        <tr style="border: solid 1px black;">
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">7</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SOLE DISPOSITIVE POWER</div>
                                <div>1,788,867</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="text-align: center; border: solid 1px; vertical-align: top;">8</td>
                            <td style="border: solid 1px black;">
                                <div style="font-weight: bold;">SHARED DISPOSITIVE POWER</div>
                                <div>
</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">9</td>
                            <td colspan="3" style="border: solid 1px black;">
                                <div style="font-weight: bold;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
                                <div>1,788,867</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">10</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</div>
                                [&nbsp;&nbsp;&nbsp;]
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">11</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</div>
                                <div>6.4%</div>
                            </td>
                        </tr>
                        <tr>
                            <td style="border: solid 1px; text-align: center; vertical-align: top;">12</td>
                            <td colspan="3" style="border: solid 1px;">
                                <div style="font-weight: bold;">TYPE OF REPORTING PERSON</div>
                                <div>IA</div>
                            </td>
                        </tr>

                    </table>
                </div>

        <div style="page-break-before: always; margin-top: 4em;">
            <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
            <table cellpadding="5" cellspacing="0" border="0" style="font-size: 10pt; width: 100%; margin: 2em auto; border: 0; border-collapse: collapse;">
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 1(a).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>NAME OF ISSUER:</strong>
                        <div style="padding: 1ex 0;">
                            North American Construction Group Ltd
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 1(b).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:</strong>
                        <div style="padding: 1ex 0;">
                            27287-100 Avenue, Acheson, Alberta, T7X 6H8
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 2(a).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>NAME OF PERSON FILING:</strong>
                        <div style="padding: 1ex 0;">
                            BANK OF MONTREAL<br>BANK OF MONTREAL HOLDING INC.<br>BMO NESBITT BURNS INC. WEALTH MANAGEMENT<br>BMO PRIVATE INVESTMENT COUNSEL INC.<br>BMO ASSET MANAGEMENT INC.
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 2(b).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:</strong>
                        <div style="padding: 1ex 0;">
                            100 King Street West, 21st Floor, Toronto, Ontario, M5X 1A1, Canada
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 2(c).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>CITIZENSHIP:</strong>
                        <div style="padding: 1ex 0;">
                            Canada<br>Canada<br>Canada<br>Canada<br>Canada
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 2(d).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>TITLE OF CLASS OF SECURITIES:</strong>
                        <div style="padding: 1ex 0;">
                            Common Shares
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 2(e).</strong></td>
                    <td colspan="2" valign="top">
                        <strong>CUSIP NUMBER:</strong>
                        <div style="padding: 1ex 0;">
                            656811106
                        </div>
                    </td>
                </tr>
                <tr>
                    <td rowspan="13" valign="top" style="white-space: nowrap;"><strong>ITEM 3.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c)	CHECK WHETHER THE PERSON FILING IS A:</strong>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap; width: 11%;">
                        <div style="width: 30px; display: inline-block;">(a)</div>
                        [X]</td>
                    <td valign="top">Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(b)</div>
                        [X]</td>
                    <td valign="top">Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(c)</div>
                        [ ]</td>
                    <td valign="top">Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(d)</div>
                        [ ]</td>
                    <td valign="top">Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(e)</div>
                        [X]</td>
                    <td valign="top">An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(f)</div>
                        [ ]</td>
                    <td valign="top">An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(g)</div>
                        [X]</td>
                    <td valign="top">A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(h)</div>
                        [ ]</td>
                    <td valign="top">A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(i)</div>
                        [ ]</td>
                    <td valign="top">A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(j)</div>
                        [ ]</td>
                    <td valign="top">A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);</td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;">
                        <div style="width: 30px; display: inline-block;">(k)</div>
                        [ ]</td>
                    <td valign="top">Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:
						          <div></div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" colspan="2">
						          <div style="margin-bottom:1em;"></div>
                    </td>
                </tr>
                <tr>
                    <td rowspan="15" valign="top" style="white-space: nowrap;"><strong>ITEM 4.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>OWNERSHIP</strong>
                    </td>
                </tr>
                <tr>
                    <td colspan="2" valign="top">

                    </td>
                </tr>
                <tr>
                    <td colspan="2" valign="top"><strong>(a) Amount beneficially owned:</strong></td>
                </tr>
                <tr>
                    <td colspan="2" valign="top">2,743,226</td>
                </tr>
                <tr>
                    <td colspan="2" valign="top"><strong>(b) Percent of class:</strong></td>
                </tr>
                <tr>
                    <td colspan="2" valign="top">9.8%</td>
                </tr>
                <tr>
                    <td colspan="2" valign="top"><strong>(c) Number of shares as to which the person has:</strong></td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;">(i) sole power to vote or to direct the vote:</td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;">BANK OF MONTREAL - 2,743,226<br>BANK OF MONTREAL HOLDING INC. - 2,662,321<br>BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 2,075,609<br>BMO PRIVATE INVESTMENT COUNSEL INC. - 1,788,867<br>BMO ASSET MANAGEMENT INC. - 1,788,867<br></td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;">(ii) shared power to vote or to direct the vote:</td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;"></td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;">(iii) sole power to dispose or direct the disposition of:</td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;">BANK OF MONTREAL - 2,743,226<br>BANK OF MONTREAL HOLDING INC. - 2,662,321<br>BMO NESBITT BURNS INC. WEALTH MANAGEMENT - 2,075,609<br>BMO PRIVATE INVESTMENT COUNSEL INC. - 1,788,867<br>BMO ASSET MANAGEMENT INC. - 1,788,867<br></td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;">(iv) shared power to dispose or to direct the disposition of:</td>
                </tr>
                <tr>
                    <td colspan="2" valign="top" style="padding-left: 28px;"><br></td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 5.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:</strong>
                        <div style="padding: 1ex 0;">
                            If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
						    [ ].
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 6.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:</strong>
                        <div style="padding: 1ex 0;">
                            Not Applicable
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 7.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:</strong>
                        <div style="padding: 1ex 0;">
                            Not Applicable
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 8.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:</strong>
                        <div style="padding: 1ex 0;">
                            Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 9.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>NOTICE OF DISSOLUTION OF GROUP:</strong>
                        <div style="padding: 1ex 0;">
                            Each reporting person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purposes of Section 13(d) or 13(g) of the Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any syndicate or group with respect to the issuer or any securities of the issuer.
                        </div>
                    </td>
                </tr>
                <tr>
                    <td valign="top" style="white-space: nowrap;"><strong>ITEM 10.</strong></td>
                    <td colspan="2" valign="top">
                        <strong>CERTIFICATION:</strong>
                        <div style="padding: 1ex 0;">
                            By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
                        </div>
                    </td>
                </tr>
            </table>
        </div>
        <div style="page-break-before: always; margin-top: 4em;">
            <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
            <div style="padding: 1em 0; text-align: center; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
            <div style="padding: 1em 0 2em 0; font-size: 8pt; text-align: center;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>

                    <div style="page-break-inside: avoid; padding-bottom: 1em">
                        <table style="width: 100%; border: 0; font-size: 9pt;" border="0" cellpadding="0" cellspacing="0">
                            <tr>
                                <td valign="top" style="width: 30%;">November 13 2024</td>
                                <td valign="top" style="width: 80%;">
                                    <div style="width: 70%; margin-bottom: 1ex;">BANK OF MONTREAL</div>
                                    <div style="width: 70%; margin-bottom: 1ex;">
                                        <div style="display: inline-block; width: 12%;">By:</div>
                                        <div style="display: inline-block; width: 86%; border-bottom: solid 2px black;">/s/ Kathryn Cenac</div>
                                    </div>
                                    <div style="width: 70%; margin-bottom: 1ex;">
                                        <div style="display: inline-block; width: 12%;">Name:</div>
                                        <div style="display: inline-block; width: 86%;">Kathryn Cenac</div>
                                    </div>
                                    <div style="width: 70%; margin-bottom: 1ex;">
                                        <div style="display: inline-block; width: 12%;">Title:</div>
                                        <div style="display: inline-block; width: 86%;">Managing Director - Regulatory Solutions Group</div>
                                    </div>
                                </td>
                            </tr>
                        </table>
                    </div>

            <div style="padding-top: 1em; font-size: 9pt;">Attention &mdash; Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).</div>

        </div>
        <div id="ExCorrDiv">

                    <div style="page-break-before: always; margin-top: 4em;">
                        <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                        <div style="margin: 1em 0;">
                            Joint Filing Agreement<br><br><br>In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned entities, as applicable, pursuant to a duly executed power of attorney, hereby agrees to this and any future joint filing of Schedule 13G (including any and all amendments thereto) to be made on their behalf and further agrees to the filing of this Agreement as an Exhibit to such filing(s).  In addition, each party to this Agreement consents to the filing of this and any future Schedule 13G (including any and all amendments to such filings) by Bank of Montreal. <br><br>This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.<br><br>IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 13th day of November, 2024.<br><br><br>                                                   BANK OF MONTREAL<br> <br>				<br>                                                    _______________________________                                         <br>                                                   Kathryn Cenac<br>                                                   Managing Director  Regulatory Solutions Group<br><br><br><br>BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY<br><br>*____________________________________ 		<br><br><br>BMO CAPITAL MARKETS CORP.<br><br>*____________________________________<br><br><br>BMO ASSET MANAGEMENT INC.<br><br>*____________________________________	 <br><br><br>BMO DELAWARE TRUST COMPANY<br><br>*____________________________________<br><br><br>BMO CAPITAL MARKETS LIMITED<br><br>*____________________________________	<br><br><br>BMO FAMILY OFFICE, LLC <br><br>*____________________________________	<br><br><br>BMO FINANCIAL CORP.<br><br>*____________________________________<br><br><br>BMO BANK NATIONAL ASSOCIATION<br><br>*____________________________________<br>	<br><br>BMO NESBITT BURNS INC.<br><br>*___________________________________<br><br><br>BMO NESBITT BURNS SECURITIES LTD. <br><br>*____________________________________<br><br><br>BMO PRIVATE INVESTMENT COUNSEL INC.<br><br>*____________________________________		<br><br><br>BMO TRUST COMPANY<br><br>*____________________________________<br><br><br>STOKER OSTLER WEALTH ADVISORS, INC.<br><br>*____________________________________	<br><br><br>BMO INVESTORLINE INC.<br><br>*____________________________________<br><br><br>BANK OF MONTREAL HOLDING INC.	<br><br>*____________________________________	<br>	<br>*Pursuant to Power of Attorney filed herewith.
                        </div>
                    </div>

                    <div style="page-break-before: always; margin-top: 4em;">
                        <div style="font-weight: bold; border: solid 1px black; margin: 1ex 0; padding: 1ex 2em; width: 14em;">CUSIP No.: 656811106</div>
                        <div style="margin: 1em 0;">
                            POWER OF ATTORNEY<br><br>For executing Schedules 13G and 13D, 13G/D Joint Filing Agreement and Forms 13F and N-PX<br><br>Each of the undersigned entities represents that the individuals signing on behalf of the entity is duly authorized to do so, and hereby constitutes and appoints Kathryn Cenac, Managing Director  Regulatory Solutions Group, Bank of Montreal and Michelle Lipowsky, Head, Business Risk and Solution, Bank of Montreal, as his or her true and lawful attorney-in-fact and agent with full power of substitution and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to:<br> <br> 	(1)	complete and execute for and on behalf of the undersigned filings on Schedules 13G and 13D in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the Act) and the rules and regulations promulgated thereunder, or any successor laws and regulations;<br> <br> 	(2)	complete and execute for and on behalf of the undersigned a joint filing agreement to provide for the joint filing on Schedules 13G or 13D in accordance with Section 13(d) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;<br> <br> 	(3)	complete and execute for and on behalf of the undersigned filings on Form 13F as required by Section 13(f) of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations; <br><br>	(4)	complete and execute for and on behalf of the undersigned filings on Form N-PX as required by Section 14A of the Act and the rules and regulations promulgated thereunder, or any successor laws and regulations;<br> <br> 	(5)	do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete the execution of any such Schedules 13G and 13D, joint filing agreement and Forms 13F and N-PX and the timely filing of such forms and agreements with the United States Securities and Exchange Commission and any other authority; and<br> <br> 	(6)	take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to the Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.<br><br>Each of the undersigned entities grants to said attorney-in-fact and agent full power and authority to do and perform each and every act necessary to be done in order to effectuate the same as fully, to all intents and purposes, as it might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof. The undersigned entities acknowledge that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigneds responsibilities to comply with Sections 13(d), 13(f) or 14A of the Act and the rules and regulations promulgated thereunder.<br><br>This Power of Attorney shall remain in effect until the undersigned entity is no longer required to file Schedules 13G, 13D or Forms 13F or N-PX, unless earlier revoked by a duly authorized officer of the undersigned entity in writing and delivered to the foregoing attorney-in-fact.<br><br>This Power of Attorney Signature Page may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. A facsimile or portable document format (.pdf) copy, or an electronic copy by way of reliable electronic signature technology, of the signature of a party to this Power of Attorney on any such counterpart shall be fully effective as in an original signature.<br><br>IN WITNESS WHEREOF, the undersigned duly authorized individuals have caused this Power of Attorney to be executed as of November 13, 2024, on behalf of the respective entities.<br>Signatures on following pages.<br><br> <br>BANK OF MONTREAL EUROPE PUBLIC LIMITED COMPANY   <br><br>By: /s/ Jane Anne Negi___________<br>	Name: Jane Anne Negi<br>	Title: Chief Executive Officer<br><br>By: /s/ Noel Reynolds___________<br>	Name: Noel Reynolds<br>	Title: Chief Finance Officer <br><br><br>BMO ASSET MANAGEMENT INC. <br><br>By: /s/ Bill Bamber___________<br>	Name: Bill Bamber<br>	Title:  Head <br><br>By: /s/ Sara Petrich___________<br>	Name: Sara Petrich<br>	Title: Head of Exchange Traded Funds and <br>	Structured Products <br><br>	<br>BMO CAPITAL MARKETS CORP. <br><br>By: /s/ Michael Forlenza___________<br>	Name: Michael Forlenza<br>	Title: Chief Operating Officer<br><br><br>BMO DELAWARE TRUST COMPANY <br><br>By: /s/ Anne Booth Brockett___________<br>	Name: Anne Booth Brockett<br>	Title: Chief Executive Officer and President <br><br><br>BMO CAPITAL MARKETS LIMITED <br><br>By: /s/ William Smith___________<br>	Name: William Smith<br>	Title: Chief Executive Officer <br><br>By: /s/ Paula Young___________<br>	Name: Paula Young<br>	Title: Company Secretary<br><br><br>BMO FAMILY OFFICE, LLC <br><br>By: /s/ Amy Griman___________<br>	Name: Amy Griman <br>	Title: Chief Executive Officer and President <br><br><br>BMO FINANCIAL CORP. <br><br>By: /s/ Michele Havens___________<br>	Name: Michele Havens <br>	Title: Executive Vice President, and <br>	Head, U.S. Wealth Management<br><br>By: /s/ Michelle Magnaye___________<br>	Name: Michelle Magnaye <br>	Title: Assistant Corporate Secretary <br><br><br>BMO BANK NATIONAL ASSOCIATION <br>   <br>By: /s/ Darrel Hackett___________<br>	Name: Darrel Hackett        <br>	Title: Executive Vice President, and Head, <br>	U.S. Wealth Management <br><br><br>BMO NESBITT BURNS INC. <br><br>By: /s/ Deland Kamanga___________<br>	Name: Deland Kamanga <br>	Title: Director<br><br>By: /s/ Juron Grant-Kinnear___________<br>	Name: Juron Grant-Kinnear<br>	Title: Assistant Corporate Secretary <br><br><br>BMO NESBITT BURNS SECURITIES LTD. <br> <br>By: /s/ Dave Persaud___________<br>	Name: Devanand (Dave) Persaud <br>	Title: Director <br><br>By: /s/ John Cook___________<br>	Name: John Cook<br>	Title: Corporate Secretary <br><br><br>BMO PRIVATE INVESTMENT COUNSEL INC. <br> <br>By: /s/ Gilles Ouellette___________<br>	Name: Gilles Ouellette<br>	Title: Director <br><br>By: /s/  Juron Grant-Kinnear__________<br>	Name: Juron Grant-Kinnear<br>	Title: Corporate Secretary <br><br><br>STOKER OSTLER WEALTH ADVISORS, INC. <br>  <br>By: /s/ Michelle L. Decker___________<br>       Name: Michelle L. Decker <br>       Title: Chief Operating Officer <br><br><br>BMO TRUST COMPANY <br><br>By: /s/ Elizabeth Dorsch___________<br>	Name: Elizabeth Dorsch<br>	Title: Chief Executive Officer <br><br>By: /s/ Bruce Ferman___________<br>	Name: Bruce Ferman <br>	Title: Director <br><br><br>BMO INVESTORLINE INC. <br><br>By: /s/ Deland Kamanga___________<br>	Name: Deland Kamanga <br>	Title: Director<br><br>By: /s/ Juron Grant-Kinnear___________<br>	Name: Juron Grant-Kinnear<br>	Title: Corporate Secretary <br><br><br>BANK OF MONTREAL HOLDING INC.<br><br>By: /s/ Olaf Sheikh___________<br>	Name: Olaf Sheikh <br>	Title: Director
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