Cadiz, Inc. | Press Releases
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Press Releases

LOS ANGELES, CA (BusinessWire) -- Today Cadiz Inc. (NASDAQ: CDZI) ("Cadiz", the “Company”), principal of the Cadiz Valley Water Conservation, Recovery & Storage Project (“Cadiz Water Project”), is pleased to announce that it has executed a strategic development agreement (“ Master Agreement”) with Semitropic Water...

Largest Bank Ever Approved by California Department of Fish & Wildlife for exclusive protection of the Desert Tortoise, a Threatened Species Under MOU with San Diego Zoo Global, the Bank Lands will also provide ongoing species research LOS ANGELES, CA – Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, the...

Court Upholds Environmental Impact Report Supporting Project Approvals May 2, 2014 - LOS ANGELES, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) announced the issuance of the trial court decision to uphold the environmental approvals of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Cadiz...

(October 31, 2013) Los Angeles, CA -- Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) is pleased to announce today that it has entered into an agreement (“Credit Agreement”) with its new majority senior lender, MSD Credit Opportunity Master Fund, L.P. (“MSD Credit”), to increase the Company’s existing $30 million senior secured mortgage loan by $10 million to fund additional working capital.  MSD Credit previously acquired the majority interest of the $30 million portion of the debt in a private transaction.  The new $10 million, together with our existing cash resources, places the Company in a strong position to complete the defense of existing permits for the Cadiz Valley Water Conservation, Recovery and Storage Project (the “Water Project”) and move toward project construction.

Dismissal by Laborers International Union Follows Completion of New Independent Hydrology Report (Los Angeles, CA) -- Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) reported today that a lawsuit filed in 2012 challenging the environmental approvals of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”)  has been dismissed with prejudice in Orange County, California Superior Court.  The lawsuit, filed against the Company, the Santa Margarita Water District (“SMWD”) and the County of San Bernardino (“County”), is the third case challenging Project approval to be dismissed. Only two challengers now remain. This latest dismissal follows the completion of a new independent peer review of the Project’s hydrology, which responds to previous hydrologic criticisms of the Project and confirms that the Project can safely deliver a reliable water supply to Southern California.

Cadiz Southeastern Railway to operate one of the longest steam train routes in the U.S. as tourist attraction in California’s Mojave Desert CADIZ, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that it has entered into a new trackage rights agreement (“Agreement”) with the Arizona & California Railroad Company (“ARZC”) that will facilitate the development of regularly scheduled steam train excursions through the celebrated Mojave Desert between Cadiz, California and Parker, Arizona, which would be one of the longest steam train excursion routes in the United States.   The proposed new steam train operation, named the Cadiz Southeastern Railway (“CSER”), will be powered by water made available from the Cadiz Valley Water Conservation, Recovery & Storage Project (“Cadiz Water Project”) and, following the completion of additional permitting, will also feature a new museum and cultural center at the Cadiz Ranch property dedicated to the promotion of local desert and railroad history.