Cadiz Executes Definitive Agreement with Lytton Rancheria of California for $51 Million Investment in Mojave Groundwater Bank in First Tranche of Project Financing

CADIZ, Calif., Oct. 28, 2025 /PRNewswire/ -- Cadiz Inc. (NASDAQ: CDZI, the "Company," or "Cadiz") today announced that it has executed a definitive agreement ("Agreement") with Lytton Rancheria of California, a federally recognized Native American tribe ("Lytton"), providing for up to $51 million of capital as the first tranche of financing for construction and development of the Mojave Groundwater Bank, the Company's water supply and groundwater storage project expected to be the largest groundwater bank in the Southwest (the "Project").

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