<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:ns1="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001085146-25-003443</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000927971</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>2</amendmentNo>
      <securitiesClassTitle>Common Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001368519</issuerCik>
        <issuerName>North American Construction Group Ltd.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>656811106</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <ns1:street1>27287 100 AVENUE</ns1:street1>
          <ns1:city>ACHESON</ns1:city>
          <ns1:stateOrCountry>A0</ns1:stateOrCountry>
          <ns1:zipCode>T7X 6H8</ns1:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Bank of Montreal</reportingPersonName>
      <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1419508</soleVotingPower>
        <sharedVotingPower>6100</sharedVotingPower>
        <soleDispositivePower>1420258</soleDispositivePower>
        <sharedDispositivePower>6100</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1426358</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.05</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>
      <reportingPersonName>BANK OF MONTREAL HOLDING INC.</reportingPersonName>
      <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1419508</soleVotingPower>
        <sharedVotingPower>6100</sharedVotingPower>
        <soleDispositivePower>1420258</soleDispositivePower>
        <sharedDispositivePower>6100</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1426358</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.05</classPercent>
      <typeOfReportingPerson>BK</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>BMO NESBITT BURNS INC.</reportingPersonName>
      <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1419508</soleVotingPower>
        <sharedVotingPower>6100</sharedVotingPower>
        <soleDispositivePower>1420258</soleDispositivePower>
        <sharedDispositivePower>6100</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1426358</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.05</classPercent>
      <typeOfReportingPerson>BK</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>BMO ASSET MANAGEMENT INC.</reportingPersonName>
      <citizenshipOrOrganization>A6</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>1413984</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>1413984</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1413984</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.01</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>North American Construction Group Ltd.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>27287 100 AVENUE, ACHESON, ALBERTA, CANADA
T7X 6H8</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Bank of Montreal

BANK OF MONTREAL HOLDING INC.

BMO NESBITT BURNS INC.

BMO ASSET MANAGEMENT INC.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>1 First Canadian Place
Toronto, Ontario, Canada
M5X1A1</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Bank of Montreal - CANADA (FEDERAL LEVEL)

BANK OF MONTREAL HOLDING INC. - CANADA (FEDERAL LEVEL)

BMO NESBITT BURNS INC. - CANADA (FEDERAL LEVEL)

BMO ASSET MANAGEMENT INC. - ONTARIO, CANADA</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>BD</typeOfPersonFiling>
        <typeOfPersonFiling>BK</typeOfPersonFiling>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
        <typeOfPersonFiling>HC</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned> 1,426,358</amountBeneficiallyOwned>
        <classPercent>5.05</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Bank of Montreal - 1,419,508

BANK OF MONTREAL HOLDING INC. - 1,419,508

BMO NESBITT BURNS INC. - 1,419,508

BMO ASSET MANAGEMENT INC. - 1,413,984</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Bank of Montreal - 6,100

BANK OF MONTREAL HOLDING INC. - 6,100

BMO NESBITT BURNS INC. - 6,100

BMO ASSET MANAGEMENT INC. - 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Bank of Montreal - 1,420,258

BANK OF MONTREAL HOLDING INC. - 1,420,258

BMO NESBITT BURNS INC. - 1,420,258

BMO ASSET MANAGEMENT INC. - 1,413,984</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Bank of Montreal - 6,100

BANK OF MONTREAL HOLDING INC. - 6,100

BMO NESBITT BURNS INC. - 6,100

BMO ASSET MANAGEMENT INC. - 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>N</notApplicableFlag>
        <ownershipMoreThan5PercentOnBehalfOfAnotherPerson>Certain of the securities reported herein are held in the ordinary course of business of the Reporting Person acting as prime broker on behalf of certain clients who have the power to direct the receipt of dividends from, or the proceeds from the sale of such securities.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
      </item6>
      <item7>
        <notApplicableFlag>N</notApplicableFlag>
        <subsidiaryIdentificationAndClassification>See Documents</subsidiaryIdentificationAndClassification>
      </item7>
      <item8>
        <notApplicableFlag>N</notApplicableFlag>
        <identificationAndClassificationOfGroupMembers>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 Section13(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.</identificationAndClassificationOfGroupMembers>
      </item8>
      <item9>
        <notApplicableFlag>N</notApplicableFlag>
        <groupDissolutionNotice>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 Section13(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.</groupDissolutionNotice>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>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, other than activities solely in connection with a nomination under § 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Bank of Montreal</reportingPersonName>
      <signatureDetails>
        <signature>Kathryn Cenac</signature>
        <title>Managing Director - Regulatory Solutions Group</title>
        <date>08/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>BANK OF MONTREAL HOLDING INC.</reportingPersonName>
      <signatureDetails>
        <signature>Kathryn Cenac</signature>
        <title>Managing Director - Regulatory Solutions Group</title>
        <date>08/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>BMO NESBITT BURNS INC.</reportingPersonName>
      <signatureDetails>
        <signature>Kathryn Cenac</signature>
        <title>Managing Director - Regulatory Solutions Group</title>
        <date>08/12/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>BMO ASSET MANAGEMENT INC.</reportingPersonName>
      <signatureDetails>
        <signature>Kathryn Cenac</signature>
        <title>Managing Director - Regulatory Solutions Group</title>
        <date>08/12/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>

</edgarSubmission>
