Cadiz Signs Non-Binding MOU With U.S. Bureau Of Reclamation To Explore Mojave Groundwater Bank's Role In Colorado River Water Augmentation; Parties To Finalize Collaboration And Cost-Sharing Agreement

On September 25, 2025, the U.S. Bureau of Reclamation ("USBR"), Fenner Valley Water Authority, and Fenner Gap Mutual Water Company, a mutual water company managed by Cadiz Inc. (the "Company"), entered into a Memorandum of Understanding (the "MOU") to develop data on potential opportunities for water augmentation of the Colorado River through the Company's proposed Mojave Groundwater Bank project ("MGB") in San Bernardino County, California.

The MOU establishes a framework for collaboration among the parties to share data, tools, and research concerning potential opportunities for water augmentation and aquifer storage associated with the MGB. Under the MOU, USBR will study...