News & Updates

Welcome to the latest news and updates from the Mojave Groundwater Bank.

News

Federal approval for conversion of pipeline clears path for construction Los Angeles, CA – July 10, 2026 – Cadiz, Inc. (NASDAQ: CDZI/CDZIP, the “Company”) is pleased to announce today that the U.S. Bureau of Land Management (“BLM”) issued a final decision approving the right-of-way (“ROW”) grant that allows the Company to begin construction on conversion of the Cadiz Northern Pipeline from natural gas to water conveyance.
CAIDD and Cadiz Inc. execute MOU for new water supplies to support long-term water reliability in Arizona. PHOENIX, AZ and CADIZ, CA – July 2, 2026 – Central Arizona Irrigation and Drainage District (“CAIDD”) and Cadiz, Inc. (NASDAQ: CDZI, CDZIP) today announced execution of a Memorandum of Understanding (“MOU”) for the purchase and sale of up to 10,000 acre-feet per year (“AFY”) of new water supply from Cadiz’s Mojave Groundwater Bank in San Bernardino County, California.
A funding agreement signed this week between Cadiz, Inc. and the US Bureau of Reclamation has put fresh attention on one of the American Southwest’s most contested water infrastructure proposals: the Mojave Groundwater Bank, a conjunctive-use groundwater storage project in southeastern California that has been seeking regulatory approval for nearly three decades.
Cadiz, CALIFORNIA (02.17.26) — Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the “Company”) today announced that the U.S. Environmental Protection Agency (“EPA”) has selected the Mojave Groundwater Bank – Northern Pipeline (“MGB–NPL”) Project to submit an application for a low-interest loan of up to $194 million to fund capital costs under the federal Water Infrastructure Finance and Innovation Act (“WIFIA”) program. WIFIA, established by Congress in 2014, is a federal financing program designed to accelerate investment in nationally significant water and wastewater infrastructure projects.
In this context, water is not just a resource – it’s survival. Yet for many, the human right to clean, affordable water remains out of reach. Geography and wealth too often determine who has access. Cadiz Inc., an innovative water solutions company, has a different vision: a future where water is accessible to everyone and delivered sustainably for generations to come.
California has never been a stranger to drought. But the kind of water stress we’re seeing today—prolonged dry spells punctuated by devastating floods and snowpacks that vanish before summer—is testing the limits of our aging infrastructure and historical assumptions about who gets water, and who doesn’t.

Updates

A funding agreement signed this week between Cadiz, Inc. and the US Bureau of Reclamation has put fresh attention on one of the American Southwest’s most contested water infrastructure proposals: the Mojave Groundwater Bank, a conjunctive-use groundwater storage project in southeastern California that has been seeking regulatory approval for nearly three decades.
Under the terms of the LOA, the investor, a publicly traded company focused on investing in water infrastructure projects, will act as lead investor (the “Lead Investor”) in the newly formed MGSC, and will invest up to $175 million in the MGSC.

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