Cadiz Signs Letter of Agreement with a Lead Investor for an Investment of up to $175 Million in Mojave Groundwater Bank Project
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Cadiz, Inc. (NASDAQ: CDZI) has signed a Letter of Agreement with a lead investor for an investment of up to $175 million in its Mojave Groundwater Bank Project. This investment will support the construction, ownership, and operation of the project.
March 04, 2025 | 1:45 pm
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Cadiz, Inc. has secured a significant investment of up to $175 million for its Mojave Groundwater Bank Project, which is expected to enhance its water infrastructure capabilities.
The investment of up to $175 million is a substantial financial boost for Cadiz, Inc., enabling the development of its Mojave Groundwater Bank Project. This is likely to positively impact the company's stock price in the short term as it strengthens its position in the water infrastructure sector.
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