Cadiz and Bureau of Reclamation Execute Funding Agreement for Evaluation of Mojave Groundwater Bank
Rhea-AI Summary
Cadiz (NASDAQ: CDZI / CDZIP) announced a funding agreement with the U.S. Bureau of Reclamation to support technical and regulatory review of the Mojave Groundwater Bank project. Initial work will assess Colorado River water exchanges, validate water supply and delivery, and evaluate potential future federal investment steps.
The Mojave Groundwater Bank, in southeastern California, holds about 30 million acre-feet of groundwater, is approved for up to 75,000 acre-feet per year of supply and 1 million acre-feet of imported water storage capacity.
Positive
- Funding agreement with U.S. Bureau of Reclamation for project evaluation
- Mojave Groundwater Bank approved for up to 75,000 acre-feet per year
- Project includes 1 million acre-feet of imported water storage capacity
Negative
- Cadiz responsible for funding Reclamation’s review activities, adding near-term project costs
- Agreement limited to evaluation; no federal investment commitment yet disclosed
News Market Reaction – CDZI
In the May 26 session, CDZI gained 7.89%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.8% during that session. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 24 | Preferred dividend | Positive | +5.6% | Declared Q1 2026 dividend on 8.875% Series A preferred shares. |
| Feb 17 | Project financing news | Positive | +6.9% | EPA invited application for up to $194M WIFIA loan for Northern Pipeline. |
| Feb 04 | Board appointment | Positive | -6.0% | Added experienced former Microsoft finance executive to Cadiz board. |
| Dec 26 | Preferred dividend | Positive | -0.2% | Declared Q4 2025 dividend on 8.875% Series A preferred stock. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news has produced mixed follow-through: two clearly positive items saw aligned gains, while another positive and a dividend headline coincided with mild-to-sharp declines.
Over the past several months, Cadiz has issued a mix of project, dividend, and governance updates. A February 17, 2026 announcement that its Mojave Groundwater Bank – Northern Pipeline Project was selected to apply for a WIFIA loan reservation of up to $194 million coincided with a 6.92% gain. Preferred stock dividend declarations on December 26, 2025 and March 24, 2026 produced small negative and stronger positive moves, respectively. A board appointment on February 4, 2026 saw a -6.04% reaction, highlighting that not all constructive developments have been rewarded similarly.
Key Terms
conjunctive-use technical
groundwater bank technical
acre-feet technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
CADIZ, Calif., May 26, 2026 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP, the "Company") today announced that it has entered into a funding agreement ("Agreement") with the
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.
"This agreement represents an important step forward in our collaboration with Reclamation and other stakeholders to evaluate the Mojave Groundwater Bank's potential role in augmenting water supplies within the Colorado River system and improving water supply reliability throughout the Southwest," said Susan Kennedy, Chair and CEO of Cadiz.
About the Mojave Groundwater Bank
The Mojave Groundwater Bank is a conjunctive-use groundwater storage project located in southeastern
About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words such as "would," "will," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." These forward-looking statements include, but are not limited to, statements regarding potential federal investment in the Mojave Groundwater Bank and related infrastructure; and expected development and regulatory progress for the Company's water storage, conveyance and supply projects, including anticipated agreements and approvals involving prospective partners and governmental agencies. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results or events to differ materially from those reflected in the Company's forward-looking statements include risks and uncertainties and other factors described in the Company's SEC filings including its annual report on Form 10-K for the year ended December 31, 2025 and subsequent Exchange Act and Securities Act filings. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
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SOURCE Cadiz, Inc.