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Press Releases

Los Angeles, CA - Cadiz Inc. (NASDAQ:CDZI) ("Cadiz" or "the Company") is pleased to report today on its objectives for implementation of the Cadiz Valley Water Conservation, Recovery and Storage Project ("Project") and other asset development programs following the unanimous approval of the Project last month by the Board of Directors of the Santa Margarita Water District ("SMWD").

Santa Margarita Water District votes to certify Final Environmental Impact Report Project will create reliable Southern California water supply and local jobs and investment (August 1, 2012) Los Angeles, CA -- Cadiz Inc. (NASDAQ: CDZI) is pleased to announce that the Santa Margarita Water District (“SMWD”) Board of Directors voted unanimously to certify the Final Environmental Impact Report ("Final EIR") for the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”) and approve the  Project’s Groundwater Management, Monitoring and Mitigation Plan (“GMMMP”) and Purchase and Sale Agreement, which outlines terms for their participation in the Project.  These actions follow a nearly 18-month environmental review and represent significant milestones for the Project.

Project Lead Agency Schedules Meeting to Consider Project Certification Los Angeles, CA – Cadiz Inc. (NASDAQ: CDZI) reported today that the Santa Margarita Water District (“SMWD”), the lead agency of the environmental review process for the Company's Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”), conducted a public hearing yesterday evening to receive comment on the Project’s Final Environmental Impact Report (“Final EIR”) and related documents.  At the conclusion of public comment, the Board adjourned the meeting until Tuesday, July 31st at 6:00pm when it will begin deliberations to consider certification of the Final EIR. More details about the July 31st meeting are available at www.smwd.com.

Rancho Santa Margarita CA (July 25, 2012) – Close to 2,000 South Orange County, California residents and customers of the Santa Margarita Water District (“SMWD”) have expressed strong support for the Cadiz Water Conservation, Recovery and Storage Project (“Project”) to the SMWD Board of Directors, which will review the Project’s environmental documents tonight. South Orange County residents sent in reply cards they received through mailings or door-to-door visits to their homes by project advocates.  The outreach program was carried out by Cadiz Inc. (NASDAQ: CDZI) in concert with the South Orange County Chamber of Commerce and Economic Coalition.

Los Angeles, CA -- Cadiz Inc. (NASDAQ: CDZI) today reported the release of the Final Environmental Impact Report (“Final EIR”) for the Cadiz Valley Water Conservation, Recovery and Storage Project (“Cadiz Project”).  The Final EIR was issued by the Santa Margarita Water District (“SMWD”), a Southern California water provider and lead agency of the California Environmental Quality Act (“CEQA”) permitting process for the Project. The Final EIR responds to comments received from the public regarding the draft environmental documentation that was issued by SMWD in December 2011.  SMWD will hold a public hearing on July 25, 2012 regarding the Final EIR and consider certification of the document.  Details about the hearing and a copy of the Final EIR are available at www.smwd.com.  At the public hearing, SMWD will also consider approval of the Project’s Groundwater Management, Monitoring, Mitigation Plan and a Purchase and Sale Agreement.  The Purchase and Sale Agreement between Cadiz and SMWD outlines economic terms for SMWD’s participation in the Project and establishes rights and responsibilities for Project implementation and operation.

Los Angeles --- Cadiz Inc. [NASDAQ:CDZI] ("Cadiz") announced today that the Board of Directors of Santa Margarita Water District ("SMWD"), the Lead Agency for the proposed Cadiz Valley Water Conservation, Recovery and Storage Project ("Project"), voted on Friday, May 11, 2012 to approve an agreement with the County of San Bernardino and Cadiz regarding the County's role in the Project's groundwater management program.   The Memorandum of Understanding ("MOU") agreement, also approved by San Bernardino County's Board of Supervisors on May 1, 2012, grants the County full enforcement authority over the Project's proposed Groundwater Management, Monitoring, and Mitigation Plan ("GMMMP").

County Board of Supervisors Votes to Approve Memorandum of Understanding With Cadiz and Santa Margarita Water District for Project's Management Plan

Los Angeles -- Today Cadiz Inc. [NASDAQ: CDZI] ("Cadiz"), a land and water resource development company with 45,000 acres in California's San Bernardino County, announced that the County Board of Supervisors voted yesterday to approve a Memorandum of Understanding (MOU) establishing the County's role in enforcing the groundwater management plan for the Cadiz Valley Water Conservation, Recovery and Storage Project.   The Water Project proposes to provide an annual reliable water supply to Southern California communities by capturing and conserving thousands of acre-feet of native groundwater currently being lost to evaporation from the aquifer system beneath the Company's property in eastern San Bernardino County's Cadiz Valley.  The MOU grants the County full enforcement authority over the Project's Groundwater Management, Monitoring, and Mitigation Plan (GMMMP), a key component of the Project designed to monitor aquifer conditions and establish measures to protect against impacts to critical desert resources.

Company pledges 50% of labor force and 80% of infrastructure spending for Cadiz Valley Water Project to County residents and businesses

Los Angeles -- Cadiz Inc. [NASDAQ: CDZI] (“Cadiz”), a land and water resource development company with 45,000 acres in California’s San Bernardino County, announced today a significant pledge to support County-based labor and materials upon implementation of the Company’s Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”). As part of the Pledge, the Company has committed to purchase 80% of the materials necessary to construct the Project’s facilities from County businesses and to dedicate 50% of the Project’s jobs to County residents, including a goal of 10% for local veterans.

Lines exhibit strong potential for water distribution and storage February 29, 2012 Los Angeles -- Today Cadiz Inc. [NASDAQ: CDZI] (the “Company”) is pleased to update plans to purchase idle natural gas pipelines for conversion to water transmission, including a 220-mile pipeline owned by El Paso Natural Gas (“EPNG”) that originates south of Bakersfield, California and stretches into Cadiz, California, where the Company’s primary landholdings are located.  The conversion of the EPNG pipeline, which could link the State’s water distribution network to Cadiz in several locations, may benefit the Company’s projects and landholdings and would create new opportunities for the movement and storage of water in California.

Los Angeles -- Cadiz Inc. [NASDAQ:CDZI] (the "Company") is pleased to announce today that Hannon Armstrong Securities, LLC ("Hannon Armstrong"), an investment bank specializing in the financing of essential infrastructure assets in the United States, including next generation water, energy and telecommunication projects, will lead the Company through the construction financing process for the Cadiz Valley Water Conservation, Recovery and Storage Project (the "Water Project").  The Water Project would provide a new, reliable water supply to Southern California residents by capturing and conserving groundwater currently being lost to evaporation from the aquifer system beneath the Company's 34,000-acre property in California's Mojave Desert.