<SEC-DOCUMENT>0001415889-24-014807.txt : 20240529
<SEC-HEADER>0001415889-24-014807.hdr.sgml : 20240529
<ACCEPTANCE-DATETIME>20240529184137
ACCESSION NUMBER:		0001415889-24-014807
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240522
FILED AS OF DATE:		20240529
DATE AS OF CHANGE:		20240529

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Heitmann Susan Diane
		CENTRAL INDEX KEY:			0002024900
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08814
		FILM NUMBER:		241000218

	MAIL ADDRESS:	
		STREET 1:		103636 W PARKHILL PL
		CITY:			LITTLETON
		STATE:			CO
		ZIP:			80127

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PURE CYCLE CORP
		CENTRAL INDEX KEY:			0000276720
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				840705083
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0831

	BUSINESS ADDRESS:	
		STREET 1:		34501 E. QUINCY AVE
		STREET 2:		BLDG. 34
		CITY:			WATKINS
		STATE:			CO
		ZIP:			80137
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		34501 E. QUINCY AVE
		STREET 2:		BLDG. 34
		CITY:			WATKINS
		STATE:			CO
		ZIP:			80137
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3-05292024_100533.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2024-05-22</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000276720</issuerCik>
        <issuerName>PURE CYCLE CORP</issuerName>
        <issuerTradingSymbol>PCYO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002024900</rptOwnerCik>
            <rptOwnerName>Heitmann Susan Diane</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10636 W PARKHILL PL</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LITTLETON</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80127</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable></nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes></footnotes>

    <remarks>Exhibit List: Exhibit 24.1 Power of attorney
No securities are beneficially owned.</remarks>

    <ownerSignature>
        <signatureName>/s/ Susan D Heitmann by Marc S Spezialy, Attorney-in-Fact</signatureName>
        <signatureDate>2024-05-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>ex24-05292024_100533.htm
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>ex24-05292024_100533.htm</title></head><body style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<p style="margin:0px" align="center"><b style="background-color:#FFFFFF;font-weight:normal;"><b>POWER OF ATTORNEY</b></b></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; text-indent:48px" align="justify"><b style="background-color:#FFFFFF;font-weight:normal;">KNOW ALL BY THESE PRESENTS, that the person whose signature appears below hereby constitutes and appoints Mark W. Harding </b><b style="background-color:#FFFFFF;font-weight:normal;">and Marc Spezialy as her</b><b style="background-color:#FFFFFF;font-weight:normal;"> </b><b style="background-color:#FFFFFF;font-weight:normal;">true and lawful attorney-in-fact and agent, for </b><b style="background-color:#FFFFFF;font-weight:normal;">her</b><b style="background-color:#FFFFFF;font-weight:normal;"> </b><b style="background-color:#FFFFFF;font-weight:normal;">and in </b><b style="background-color:#FFFFFF;font-weight:normal;">her</b><b style="background-color:#FFFFFF;font-weight:normal;"> </b><b style="background-color:#FFFFFF;font-weight:normal;">name, place and stead, in any and all capacities, with full power of substitution, to: (</b><b style="background-color:#FFFFFF;font-weight:normal;">i</b><b style="background-color:#FFFFFF;font-weight:normal;">) sign any and all instruments, certificates and documents that may be necessary, desirable or appropriate to be executed pursuant to Section 13 or 16 of the Securities Exchange Act of 1934, as amended, and any and all regulations promulgated thereunder, with respect to Pure Cycle Corporation; (ii) do and perform any and all acts which may be necessary, desirable or appropriate to prepare and complete any such instruments, certificates and documents (including any amendments thereto); (iii) file the same (including any amendments thereto), with all exhibits thereto, and any other documents in connection therewith, with the Securities and Exchange Commission, and any stock exchange or similar authority; and (iv) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this power of attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s discretion, granting unto said attorney-in-fact full power and authority to do and perform each and every act and thing necessary, desirable or appropriate.</b></p>
<p style="margin:0px; text-indent:48px" align="justify"><b style="background-color:#FFFFFF;font-weight:normal;">The understood hereby grants to the attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact or such attorney-in-fact<font style="font-family:Arial Unicode MS,Times New Roman">&rsquo;</font>s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney.</b></p>
<p style="margin:0px; text-indent:48px" align="justify"><b style="background-color:#FFFFFF;font-weight:normal;">This power of attorney shall remain in full force and effect until revoked by the undersigned in a signed writing delivered to the attorney-in-fact.</b></p>
<p style="margin:0px; text-indent:48px" align="justify"><b style="background-color:#FFFFFF;font-weight:normal;">IN WITNESS WHEREOF, the undersigned has executed thi</b><b style="background-color:#FFFFFF;font-weight:normal;">s power of attorney as of the </b><b style="background-color:#FFFFFF;font-weight:normal;">28th</b><b style="background-color:#FFFFFF;font-weight:normal;"> </b><b style="background-color:#FFFFFF;font-weight:normal;">day of </b><b style="background-color:#FFFFFF;font-weight:normal;">May 2024</b><b style="background-color:#FFFFFF;font-weight:normal;">.</b></p>
<p style="margin:0px"><b style="background-color:#FFFFFF;font-weight:normal;"><u>/s/ </u></b><b style="background-color:#FFFFFF;font-weight:normal;">Susan Heitmann</b></p>
<p style="margin:0px"><b style="background-color:#FFFFFF;font-weight:normal;">Susan Heitmann</b></p>
<p style="margin-top:0px; margin-bottom:9.8px"><br></p>
<p style="margin-top:0px; margin-bottom:9.8px"><br><br></p>
</body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
