Welcome to our dedicated page for Cadiz news (Ticker: CDZIP), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.
Cadiz Inc (CDZIP) operates at the intersection of water resource management and sustainable infrastructure development. This news hub provides investors and stakeholders with timely updates on the company's groundwater banking projects, pipeline operations, and water treatment advancements.
Access official press releases, financial disclosures, and partnership announcements in one centralized location. Our curated collection includes updates on water supply agreements, infrastructure milestones, and technological innovations from Cadiz's treatment subsidiary.
Key areas covered include groundwater conservation initiatives, municipal water solutions development, and strategic land management updates. Bookmark this page for direct access to primary source materials about CDZIP's progress in addressing water scarcity challenges through integrated resource management.
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced the nomination of Maria Jelescu Dreyfus to its Board of Directors. Dreyfus, with over 20 years of strategic and financial expertise, has a significant background from Goldman Sachs and founded Ardinall Investment Management, focusing on clean energy transitions. Her experience spans investments in energy and infrastructure, and she is currently affiliated with multiple corporate boards. Dreyfus emphasizes the critical need for water management in the face of climate change, noting that trillions will be invested to ensure safe drinking water. Her nomination is set for a vote at the annual shareholder meeting in June. This strategic appointment is poised to strengthen Cadiz's position in the clean water solutions sector.
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced the completion of three new groundwater wells at Cadiz Ranch, expanding its capacity to 36,000 acre-feet per year (AFY). These wells will support the Northern Pipeline's full volume of 25,000 AFY while aiding current agricultural operations. The project, authorized since 2012, aims to conserve 50,000 AFY for Southern California communities and can store one million acre-feet of surplus water. Recently, the Salton Sea Authority approved a contract securing 5,000 AFY from Cadiz for restoration efforts, enhancing the wellfield's significance in addressing water scarcity amidst continued pressure on the Colorado River system. CEO Scott Slater emphasized the company's role in providing solutions despite ongoing drought conditions.
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