Cadiz Inc. (NASDAQ:CDZI) Files An 8-K Other EventsItem 8.01 Other Events
On October 16, 2017, Cadiz Inc. (the "Company") issued a press release announcing that that the United States Bureau of Land Management ("BLM") has issued a letter ("BLM Letter") to the Company finding that the Cadiz Water Project's proposed use of the existing Arizona & California Railroad ("ARZC") Company's right-of-way to construct a pipeline and related railroad improvements "furthers railroad purposes" and concluding that the Project is within the scope of the original right-of-way grant. The BLM Letter also formally rescinds the agency's controversial and widely criticized October 2015 evaluation of the Project's proposed ARZC right-of-way. Following receipt of the BLM Letter, no further federal permits or authorizations are required for Project construction within the ARZC railroad right-of-way.
A copy of the press release is attached hereto as Exhibit 99.1. A copy of the BLM Letter is attached hereto as Exhibit 99.2.
Item 9.01Financial Statement and Exhibits
(d)Exhibits
CADIZ INC ExhibitEX-99.1 2 exh99-1.htm EXHIBIT 99.1 Press Release DATE: October 16,…To view the full exhibit click here
About Cadiz Inc. (NASDAQ:CDZI)
Cadiz Inc. is a land and water resource development company with approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. It is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project, which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County and deliver it to water providers throughout Southern California. In addition to the Cadiz/Fenner Valley property, it also owns approximately 11,000 additional acres in the eastern Mojave Desert portion of San Bernardino County, California at two separate properties. It owns over 2,000 acres near Danby Dry Lake in Ward Valley.