Cadiz shares jump 11.66% intraday as city announces festival digitization plans to cut costs.

Cadiz Inc. surged 11.66% in intraday trading following the announcement of a $51 million investment in the Mojave Groundwater Bank through a definitive agreement with Lytton Rancheria of California, part of the first tranche of project financing. The news, disclosed in the company’s Q3 2025 investor update, signals progress in its tribal-led water project, which aims to address drought and water equity in the Southwest. Additionally, the company’s perchlorate treatment agreement in Cactus Basins and ongoing institutional interest in its water infrastructure projects further reinforced investor confidence in its strategic initiatives.