Cadiz Finalizes $51 Million Investment Agreement with California's Lytton Rancheria for Mojave Groundwater Bank's Initial Project Financing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 28 2025
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Source: Newsfilter
Investment Agreement: Cadiz Inc. has signed a definitive agreement with Lytton Rancheria, providing up to $51 million for the Mojave Groundwater Bank project, which aims to be the largest groundwater bank in the Southwest.
Tribal Partnership: This agreement marks the first tribal investment in the project, highlighting the importance of tribal leadership in water management and infrastructure development in California.
Funding Structure: The $51 million loan from Lytton is convertible into membership interests in the Mojave Water Infrastructure Company, which is responsible for the project's construction and operation.
Future Financing: Cadiz is seeking an additional $400 million in equity investment to fund the project, alongside municipal debt and government grants, with initial funds expected to cover development expenses and equipment deposits.
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About CDZI
Cadiz Inc. is a water solutions provider with a combination of land, water, pipeline, and water filtration assets located in Southern California. The Company's segments include Land and Water Resources, and Water Filtration Technology. The Land and Water Resources segment comprises all activities regarding its properties in the eastern Mojave Desert pre-revenue development of the Water Project (supply, storage and conveyance), and agricultural operations. The Water Filtration Technology segment comprises ATEC Water Systems LLC, its subsidiary, which provides water filtration solutions for impaired or contaminated groundwater sources. Its portfolio of assets includes over 2.5 million acre-feet of water supply, one million acre-feet of groundwater storage capacity, 220 miles of existing, underground pipeline, and versatile and scalable water filtration technology. It has over 46,000 acres of land with naturally recharging groundwater resources in Southern California’s Mojave Desert.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cadiz Declares $550 Cash Dividend Per Share on Series A Preferred Stock
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Cadiz Declares $550 Cash Dividend Per Share, Enhancing Investment Appeal
- Dividend Announcement: Cadiz, Inc. has declared a cash dividend of $550 per share on its 8.875% Series A Preferred Stock, which is set to be paid on January 15, 2026, enhancing the company's appeal to investors.
- Shareholder Return Plan: Holders of depositary shares, each representing a 1/1000 interest in a share of Series A Preferred Stock, will receive $0.55 per depositary share, reflecting the company's commitment to shareholder returns and potentially boosting market confidence.
- Dividend Payment Timing: The dividend will be paid on January 15, 2026, with a record date of January 5, 2026, ensuring eligible shareholders receive their earnings promptly, thereby strengthening shareholder relations.
- Company Background: Founded in 1983, Cadiz, Inc. focuses on providing clean water solutions, with 45,000 acres of land and a water supply of 2.5 million acre-feet, showcasing its strength and potential in water resource management.
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