Press Release: Cadiz Inc. Announces Agreement with Senior Lender for $10 Million in New Working Capital
(October 31, 2013) Los Angeles, CA — Cadiz Inc. (NASDAQ: CDZI) (“Cadiz”, “the Company”) is pleased to announce today that it has entered into an agreement (“Credit Agreement”) with its new majority senior lender, MSD Credit Opportunity Master Fund, L.P. (“MSD Credit”), to increase the Company’s existing $30 million senior secured mortgage loan by $10 million to […]
Press Release: Third Lawsuit Challenging Cadiz Water Project Dismissed
Dismissal by Laborers International Union Follows Completion of New Independent Hydrology Report (Los Angeles, CA) — Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) reported today that a lawsuit filed in 2012 challenging the environmental approvals of the Cadiz Valley Water Conservation, Recovery and Storage Project (“Project”) has been dismissed with prejudice in Orange County, California Superior […]
News: New Report Demonstrates Cadiz Project Would Contribute $648 million in New Benefits to Southern California Through Intentionally Created Surplus Program
October 2, 2013 – Today the Company made available a new report by GHA Water Inc. finding that the Cadiz Valley Water Conservation, Recovery and Storage Project (Cadiz Project) offers $648 million in additional benefits to the Southern California water system, if the Project qualifies as Intentionally Created Surplus (ICS) under Colorado River supply management […]
Op-Ed: Buried Treasure in the Mojave – Water
http://www.flashreport.org/blog/2013/09/30/buried-treasure-in-the-mojave-water/ Flashreport.org, guest post by Laer Pearce Sep 30, 2013 One would think that if a huge underground lake existed less than 100 miles from Southern California water users who live continually on the edge of a water supply crisis, there would be a rush to get that water into Southern California’s water system. One […]
Press Release: Cadiz Inc. Announces Agreement to Operate Steam Powered Excusion Train on the Arizona & California Railroad
Cadiz Southeastern Railway to operate one of the longest steam train routes in the U.S. as tourist attraction in California’s Mojave Desert CADIZ, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) is pleased to announce that it has entered into a new trackage rights agreement (“Agreement”) with the Arizona & California Railroad Company (“ARZC”) […]
News: New MCL Proposed for Chromium-6 in Drinking Water
Today, a long-awaited draft maximum contaminant level (MCL) for Chromium-6 was proposed by the California Department of Public Health at 10 (ten) parts per billion (ppb). Chromium-6 is a groundwater constituent found in over 30% of groundwater basins in California, including Riverside County’s Coachella Valley and various basins in Los Angeles, San Bernardino, Solano, Santa […]
News: A response to calls for Federal Review of the Cadiz Valley Water Project
The Cadiz Project, which will serve the water needs of 100,000 Southern California families and generate 5,900 jobs, has been fully reviewed and approved under the California Environmental Quality Act, the most stringent environmental law in America. The Project includes strong monitoring and enforcement to ensure that it is safe and sustainable and offers many […]
Press Release: Cadiz Project To Provide $8 Million In Annual Savings To Southern California Water Users
New report shows that purity of Cadiz water to save Southern California water users $395 million over life of the Cadiz Water Project LOS ANGELES, CA – Today Cadiz Inc. [NASDAQ:CDZI] (“Cadiz”, the “Company”) released a new report prepared by engineering consulting firm CH2M HILL detailing almost $8 million in annual cost savings to Southern […]
Op-Ed: Why a federal review makes no sense for Cadiz project
By Floyd E. Wicks San Bernardino Sun http://www.sbsun.com/opinions/ci_23807372/why-federal-review-makes-no-sense-cadiz-project August 7, 2013 – Despite last year’s approval of the Cadiz Valley Water Project under the California Environmental Quality Act (CEQA) — long considered the nation’s toughest environmental law — a handful of project opponents are now pushing for an expensive and time-consuming federal “do over.” Doing […]
News: Orange County, California Grand Jury Recommends Cadiz Project
7/18/13 – Last month the Grand Jury of Orange County, California issued a report entitled “Orange County Water Sustainability: Who Cares?” The report details the county’s current water supply portfolio, describes challenges to existing sources and makes recommendations to encourage water supply reliability in the future. The Grand Jury evaluated the Cadiz Valley Water Conservation, […]