{"filings":[{"id":98317,"accession_number":"0001104659-26-054941","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2026-05-04T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Mesabi Trust Q1 2026: no bonus royalty paid; shipments up but pricing below threshold","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total royalty payment of $1,625,300 received Apr 30, 2026; bonus royalty $0 – first time in years (excl. 2022-23 idling).","Base royalty $1,201,501; bonus royalty threshold $71.70/ton not met; prices based on Sept 2025 third-party sale.","Shipments credited: 938,572 tons in Q1 2026 vs 457,728 tons in Q1 2025 – volume up 105% YoY.","Positive adjustments of $243,986 from prior quarters included; $179,813 paid to Mesabi Land Trust.","Cliffs reported no additional third-party pellet sales since Sept 2025, limiting pricing data."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":98316,"accession_number":"0001104659-26-043216","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2026-04-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust cuts quarterly distribution to $0.24 from $0.56; royalty payments fell 45%","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.24/unit declared, payable May 20 to holders of record Apr 30; down from $0.56 last year.","Royalty payments from Cliffs in Jan 2026 were $4.94M versus $8.99M in Jan 2025.","Trustees cite uncertainties from Cliffs' supply-chain plans, tariff changes, and industry volatility.","Next quarterly royalty report and payment from Cliffs due April 30, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113704,"accession_number":"0001104659-26-009757","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2026-02-03T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Mesabi Trust receives Q4 2025 royalty payment of $4.94M; iron ore shipments down 14% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty payment of $4,943,488 received on Jan 30, 2026 from Cleveland-Cliffs.","Q4 2025 shipments credited to Trust: 956,512 tons vs. 1,110,800 tons in Q4 2024 (-13.9%).","Base royalty $3,622,142; bonus royalty $1,041,580; prior-period adjustments $66,572.","Additional $213,194 royalty paid to Mesabi Land Trust.","Shipments remain subject to idling risk and other factors; quarterly fluctuations expected."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113703,"accession_number":"0001104659-26-004561","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2026-01-16T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust declares $0.26/unit distribution, down 96% YoY from $5.95","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.26 per unit payable Feb 20, 2026 to holders of record Jan 30, 2026.","Prior year's $5.95 included $71.2M arbitration award (non-recurring) from Cliffs for underpaid royalties.","October 2025 royalty receipts totaled $4.0M, down from $7.4M in October 2024.","Trustees maintaining reserves; no update from Cliffs on 2026 Northshore production plans.","Cites uncertainties in iron ore markets, trade policies, tariffs, and global unrest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130091,"accession_number":"0001104659-25-104947","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-10-31T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Mesabi Trust receives $4.0M Q3 royalty payment; shipments up 1.6% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty payment of $4,005,142 received Oct 30, 2025, comprising base royalty $2,817,500 and bonus $973,410.","Credited with 987,370 tons shipped in Q3 2025, up from 972,154 tons in Q3 2024 (+1.6%).","Three sale transactions to a single third-party in September 2025 subject to continued due diligence review.","Royalty payment excludes adjustments from prior quarters; prices remain subject to change."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":130090,"accession_number":"0001104659-25-098734","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-10-10T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust declares $0.34/unit distribution, down from $0.39 year ago","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.34 per unit payable Nov 20, 2025 to holders of record Oct 30, 2025.","Decline from $0.39 per unit distribution declared same period last year.","Trust received $5,300,287 royalty payment from Cleveland-Cliffs on July 30, 2025.","Trustees maintain reserves for expenses and liabilities; no update on Cliffs' iron ore operations.","Uncertainties cited include volatility in iron ore/steel, trade policy, and global unrest."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146678,"accession_number":"0001104659-25-093889","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-09-26T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Mesabi Trust initiates arbitration against Cleveland-Cliffs over idling and royalty underpayments","summary_kind":"llm","event_type":"litigation","confidence":"high","bullets":["Arbitration filed Sept 26, 2025 via American Arbitration Association against Northshore Mining and Cleveland-Cliffs.","Claims relate to idling of Northshore operations from May 2022 to April 2023.","Also claims underpayment of royalties on intercompany shipments from 2023 to present.","Seeks damages and declaratory relief for alleged breaches of lease/operating agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146677,"accession_number":"0001558370-25-009990","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-08-01T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Mesabi Trust receives $5.3M Q2 royalty payment; iron ore shipments down 2.7% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty payment of $5,300,287 received on July 30, 2025 for Q2 ended June 30, 2025.","Base royalty $2,514,060, bonus royalty $2,588,784; no prior quarter adjustments.","Iron ore shipments of 924,442 tons in Q2 2025 vs 949,718 tons in Q2 2024, down ~2.7%.","No new third-party arms-length sales of pellets since December 2024.","Additional $197,443 paid to Mesabi Land Trust."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146676,"accession_number":"0001558370-25-009200","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-07-11T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust cuts distribution to $0.12/unit from $0.30, citing lower royalty receipts","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.12/unit declared for Aug 20, 2025, vs $0.30/unit a year ago (60% decrease).","Royalty payment from Cleveland-Cliffs for April 2025 was $2.42M, down from $5.06M in April 2024.","Trust cites uncertainties from Cliffs' vertical supply chain plans, tariff threats, and iron ore volatility.","Next quarterly royalty payment (due July 30, 2025) will be summarized in a subsequent 8-K filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165079,"accession_number":"0001558370-25-006197","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-05-02T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Mesabi Trust Q1 2025 royalty payment $2.4M; shipments down 55% YoY to 457,728 tons","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Received total royalty payment of $2,422,329 for Q1 2025 (base $1,067,762, bonus $1,281,315).","Q1 2025 shipments credited: 457,728 tons, down from 1,006,692 tons in Q1 2024 (55% drop).","No third-party arm's-length pellet sales since two low-volume shipments in December 2024.","No adjustments related to prior quarters were included in the royalty payment."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":165078,"accession_number":"0001558370-25-004838","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-04-15T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust declares $0.56/unit quarterly distribution, up 93% from $0.29/unit year ago","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.56/unit declared, payable May 20, 2025 to holders of record April 30, 2025.","Royalty payments from Cleveland-Cliffs increased to $8,986,464 in Jan 2025 from $6,432,434 in Jan 2024.","Distribution reflects higher royalty receipts but also uncertainties from Cliffs' scrap iron shift, iron ore volatility, and tariffs.","No update on Cliffs' 2025 Northshore operations; next quarterly royalty report due April 30, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182782,"accession_number":"0001558370-25-000606","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-02-03T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Mesabi Trust receives Q4 2024 royalty of $8.99M on 1.11M tons shipped, up from 964k tons YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty payment of $8,986,464 received from Cleveland-Cliffs for Q4 2024.","Base royalty of $5,724,454 plus bonus royalty of $3,093,243; no adjustments.","Shipments of 1,110,800 tons credited vs 964,129 tons in Q4 2023, a 15% increase.","Royalty of $168,767 also paid to Mesabi Land Trust out of total.","Northshore continues as swing operation; no specific 2025 guidance provided."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182781,"accession_number":"0001558370-25-000205","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2025-01-14T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust declares $5.95/unit distribution, up from $0.37, driven by $71.2M arbitration award","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $5.95 per Unit payable Feb 20, 2025 to holders of record Jan 30, 2025.","Prior-year distribution was $0.37 per Unit; increase primarily reflects $71.2M AAA award from Cliffs/Northshore for underpaid royalties.","Trust also received $7.36M in Oct 2024 royalty payments from Cliffs, up from $5.67M in Oct 2023.","Trust notes uncertainties from Cliffs' scrap iron plans, iron ore volatility, and global economic factors.","Quarterly royalty payment for Q4 2024 due Jan 30, 2025; Trust will file summary on Form 8-K."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199358,"accession_number":"0001558370-24-014142","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2024-11-01T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Mesabi Trust Q3 2024 royalty $7.36M; shipped tons down 4.6% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty of $7,355,929: base $4,469,814, bonus $2,718,456, plus $167,659 to Land Trust.","Iron ore shipments credited to Trust: 972,154 tons vs 1,019,311 tons in Q3 2023 (-4.6%).","No adjustments reported by Cleveland-Cliffs for the quarter ended Sep 30, 2024.","Northshore continues as swing operation; 2024 shipment forecast not provided to Trust.","Trust notes shipments and royalties vary significantly quarter to quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199357,"accession_number":"0001558370-24-013375","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2024-10-17T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"Mesabi Trust declares $0.39/unit distribution; receives $71.2M arbitration award","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.39 per unit payable Nov 20, 2024 to holders of record Oct 30, 2024, up from $0.35 last year.","Received $71,185,029 from Northshore/Cliffs as final AAA arbitration award for underpaid royalties (2020-2022).","July 2024 royalty payments from Cliffs were $5,325,522, slightly above $5,321,510 in July 2023.","Trustees holding arbitration funds in reserve pending procedural deadlines; invested in interest-bearing accounts.","No specific updates on Cliffs' plans for Northshore iron ore operations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215390,"accession_number":"0001558370-24-012705","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2024-09-10T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"Mesabi Trust awarded $59.8M in arbitration against Cleveland-Cliffs for underpaid royalties","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["AAA panel unanimously awarded $59,799,977 damages for underpaid royalties (2020-2022) plus $11,288,269 pre-award interest at 10% simple interest per annum.","Pre-award interest continues accruing until paid; payment must be made by Cliffs & Northshore no later than October 6, 2024.","Tribunal approved consent award for ongoing documentation access to verify royalty calculations, but denied declaratory relief on timing of royalty obligations."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215389,"accession_number":"0001558370-24-010610","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2024-08-01T23:59:59+00:00","items":["2.02","7.01"],"status":"ready","headline":"Mesabi Trust receives $5.3M Q2 royalty payment; iron ore shipments up 7% YoY","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty payment of $5,325,522 received July 30, 2024, comprising base $2,783,747 and bonus $2,386,069.","Iron ore shipments credited: 949,718 tons in Q2 2024 vs 886,301 tons in Q2 2023 (+7.1%).","Two low-volume third-party pellet sales reported in May and June 2024; Trust evaluating royalty agreement compliance.","No distribution announced; Trust cautions shipments and royalties vary significantly quarter to quarter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":215388,"accession_number":"0001558370-24-009789","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2024-07-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"Mesabi Trust declares $0.30 per unit distribution after no distribution last year","summary_kind":"llm","event_type":"dividend","confidence":"high","bullets":["Distribution of $0.30 per unit payable August 20, 2024 to holders of record July 30, 2024.","April 2024 royalty receipts from Cleveland-Cliffs totaled $5,059,648 vs. $0 in April 2023.","Higher royalties driven by return to operations at Northshore mine after idling until April 2023.","Trustees maintained reserves amid ongoing uncertainty about Cliffs treating Northshore as swing operation.","Quarterly royalty report due July 30, 2024; trust to file summary with SEC thereafter."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234703,"accession_number":"0001558370-24-006557","cik":65172,"company_name":"MESABI TRUST","ticker":"MSB","form_type":"8-K","filed_at":"2024-05-02T23:59:59+00:00","items":["2.02","7.01","8.01","9.01"],"status":"ready","headline":"Mesabi Trust receives $5.06M royalty on 1.0M tons shipped in Q1 2024 vs zero in Q1 2023","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Total royalty payment of $5,059,648 received on April 30, 2024 from Cleveland-Cliffs.","Q1 2024 shipments of 1,006,692 tons; Q1 2023 had zero shipments due to Northshore idling.","Base royalty: $2,106,086; bonus royalty: $2,520,601; plus $279,222 in prior-quarter adjustments.","Northshore partially restarted in April 2023; no updated 2024 shipment guidance from Cliffs."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":345056248.42086065,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":null}