Cadiz Signs Non-Binding MOU With U.S. Bureau Of Reclamation To Explore Mojave Groundwater Bank's Role In Colorado River Water Augmentation; Parties To Finalize Collaboration And Cost-Sharing Agreement

Author: Benzinga Newsdesk | September 26, 2025 01:26pm

On September 25, 2025, the U.S. Bureau of Reclamation ("USBR"), Fenner Valley Water Authority, and Fenner Gap Mutual Water Company, a mutual water company managed by Cadiz Inc. (the "Company"), entered into a Memorandum of Understanding (the "MOU") to develop data on potential opportunities for water augmentation of the Colorado River through the Company's proposed Mojave Groundwater Bank project ("MGB") in San Bernardino County, California.

 

The MOU establishes a framework for collaboration among the parties to share data, tools, and research concerning potential opportunities for water augmentation and aquifer storage associated with the MGB. Under the MOU, USBR will study whether conserved water supply from the MGB could be delivered to Lake Mead via an exchange or augmentation into the Colorado River Aqueduct and evaluate the potential of non-tributary conserved water and aquifer storage, along with related projects, to provide substantial benefits in the Lower Colorado River Basin. The effort is expected to support ongoing federal and state initiatives to address drought conditions, declining reservoir levels, and the need for increased water storage and drought resiliency in Southern California and the Lower Colorado River Basin.

 

Under the MOU, the parties will finalize the scope of the collaboration and enter into a cost-sharing agreement. The MOU is legally non-binding and does not require any party to take action that exceeds its legal authority or otherwise take any action without compliance with all laws, policies and regulations. It will remain in effect for an initial five-year term and will automatically renew for additional five-year terms unless terminated in writing by one or more parties.

Posted In: CDZI