Lytton Rancheria of California Leads Tribal Investment in Cadiz Groundwater Banking Project

Core Points - Cadiz, Inc. and the Lytton Rancheria of California have signed a Letter of Intent for Lytton to invest up to $50 million in the Mojave Groundwater Bank, marking the largest investment in water infrastructure off tribal lands by Native American Tribes in U.S. history [1] - The Mojave Groundwater Bank will provide 2.5 million acre-feet of new water supply and currently holds an estimated 30 million acre-feet of water in storage, making it the largest new groundwater bank in the Southwest [1][3] - The partnership signifies a landmark collaboration in water resource management, with Indigenous communities holding a majority ownership stake in the Mojave Groundwater Bank [2] Company Overview - Cadiz is a California water solutions company focused on providing access to clean, reliable, and affordable water through a combination of water supply, storage, pipeline, and treatment solutions [6] - The company owns 45,000 acres of land in California and has 220 miles of pipeline assets, along with the most cost-effective water treatment filtration technology in the industry [6] Project Details - The Mojave Groundwater Bank will include over 300 miles of pipelines to provide new clean water supply and storage resources to underserved and tribal communities in the Mojave River Basin and Colorado River Basin [4] - Construction of the project is anticipated to begin in 2025, with initial water delivery targeted for as early as 2026 [4]