CDZI News & Events

Cadiz entered into a funding agreement with the U.S. Bureau of Reclamation to support technical and regulatory review activities associated with the Mojave Groundwater Bank project under the Memorandum of Understanding executed in September 2025 between Reclamation, Fenner Valley Water Authority and Fenner Gap Mutual Water Company. Under the Agreement, Cadiz will provide funding to support Reclamation's review of proposed water exchange agreements, validation of water supply resources and technical work associated with evaluation of potential future federal investment in the project. The initial tasks, which are expected to begin immediately, include assessing the appropriate method for implementing and accounting for proposed water exchanges within the Colorado River System, technical work to validate water supply and delivery capability, and evaluation of future steps necessary to support potential federal investment in the project.

Cadiz announced that the U.S. Environmental Protection Agency has selected the Mojave Groundwater Bank - Northern Pipeline 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 program. WIFIA, established by Congress in 2014, is a federal financing program designed to accelerate investment in nationally significant water and wastewater infrastructure projects. EPA's selection means that EPA has administratively reserved $194 million for the Company's Northern Pipeline Project and has invited the Company to submit an application. EPA will hold this funding in reserve while the Company advances an application through the WIFIA underwriting process.