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Stock impact report

Cadiz Inc. Secures $51 Million Tribal Investment for Mojave Groundwater Bank Project [Yahoo! Finance]

Cadiz, Inc. (CDZI) 
Last cadiz, inc. earnings: 11/8 05:19 pm Check Earnings Report
US:NASDAQ Investor Relations: cadizinc.com/investor-relations
Company Research Source: Yahoo! Finance
The Lytton Rancheria of California, a federally recognized American Indian tribe, has entered into a definitive agreement with Cadiz Inc. (NASDAQ: CDZI). The agreement announced on Tuesday allows for funding up to $51 million in capital for the first phase of its Mojave Groundwater Bank project. The project is expected to become the largest groundwater bank in the Southwest. The agreement follows a Letter of Intent signed between Lytton and Cadiz in November 2024 and marks the first tribal investment in the project. Lytton's contribution represents the initial tranche of up to $450 million in total equity capital being raised by Cadiz through Mojave Water Infrastructure Company, LLC (MWI), the special-purpose entity created to construct, own, and operate the groundwater bank. “For generations, tribes have protected the land and water that sustains us. Today, we are taking a seat at the table to help shape how water is managed across California and the West,” Lytton Rancheria Show less Read more
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