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Cadiz, Bureau of Reclamation Execute Funding Agreement

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Cadiz (CDZI) said Tuesday it has entered into a funding agreement with the US Bureau of Reclamation for technical and regulatory review activities linked to the Mojave Groundwater Bank project.

The firm said it will provide funding to support Reclamation's review of proposed water exchange agreements, validation of water supply delivery resources, and technical work related to the assessment of future federal investment in the project.

The initial tasks include assessing the appropriate method for implementing and accounting for proposed water exchanges within the Colorado River System, Cadiz said.

Price: $4.49, Change: $+0.24, Percent Change: +5.65%

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