---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-089248"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2026-07-31T20:30:12+00:00"
generated_at: "2026-07-31T20:31:19.837728+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust receives $1.81M royalty for Q2 2026; shipments down 2.4% YoY, no bonus

## Summary
- Total royalty payment of $1,807,779 received July 30, 2026: base royalty $1,585,696, bonus royalty $0.
- Iron ore shipments credited: 902,331 tons in Q2 2026 vs 924,442 tons in Q2 2025 (down ~2.4%).
- Bonus royalty threshold for 2026 is $71.70/ton; all deemed shipments priced below, resulting in no bonus.
- No additional third-party pellet sales since September 2025; pricing based on Sep/Dec 2025 sales.
- Royalties subject to continued due diligence; variations expected quarter to quarter.

## SEC filing metadata
- accession: 0001104659-26-089248
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2026-07-31T20:30:12+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000110465926089248/0001104659-26-089248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000110465926089248/msb-20260730x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-089248
- JSON: https://secwatch.observer/filing/0001104659-26-089248.json
- Plain text: https://secwatch.observer/filing/0001104659-26-089248.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.