Elliot Knight's questions to PURE CYCLE (PCYO) leadership • Q3 2025
Question
Inquired about the development status of the company's reservoir sites, the water source for a newly developing adjacent parcel shown on a presentation slide, and the status of a water rights application mentioned in the 10-K that was initially turned down.
Answer
The CEO explained that the reservoir sites are long-range assets with no current development and are tied to future partnerships. The adjacent parcel will receive water from the city of Aurora, as it was annexed by the city years ago. Regarding the water rights application, the company's initial complex request was denied, but they are now in negotiations with opposing parties to find a resolution for other related claims, describing it as a 'work in progress'.