Cadiz: The Mojave Groundwater Bank Takes A Financing Step Closer To Reality

2025-12-15 13:44:17 ET

While Cadiz Inc. ( CDZI ) has rallied heavily through most of 2025, the largest private landowner in the Mojave Desert still offers an uncertain timeline for the commercialization of its Mojave Groundwater Bank ("MGB"). However, the company is making much-needed strides in raising project financing for the construction of MGB. CDZI is looking to raise $450 million to fund the full construction of the groundwater bank, recently securing $51 million from Lytton Rancheria of California, a Northern California Native American tribe. This represents the first tranche of project financing secured by CDZI, with the inclusion of Lytton Rancheria also a positive against certain elements of prior pushback against efforts by CDZI to pump water from the aquifer under the 45,000 acres of land in the Mojave Desert that it owns. ...

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