{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-21-014604","form_type":"8-K","ticker":"MSB","cik":"0000065172","company_name":"MESABI TRUST","filed_at":"2021-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:04:15.271543+00:00","generated_at":"2026-06-28T13:25:12.343868+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Mesabi Trust receives $16.2M Q3 royalty, plus $2.8M settlement for past underpaid DR grade royalties","bullets":["Q3 2021 royalty payment of $16,219,472 from Cliffs/Northshore, including base ($12.55M), bonus ($7.25M), negative pricing adjustments (-$6.08M), and deemed shipment adjustment ($2.31M).","Separate payment of $2,833,687 for past underpaid DR grade pellet royalties (2019-2020) plus interest per AAA arbitration award received Oct 1, 2021.","Shipments credited: 1,169,461 tons in Q3 2021 vs 916,364 tons in Q3 2020, up ~28% YoY.","Cliffs announced plans to shift DR grade pellet production away from Northshore, potentially reducing future shipments and royalties.","Negative pricing adjustments from prior quarters reduced current royalty by $6.08M; future adjustments could further impact distributions."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-21-014604","json":"https://secwatch.observer/filing/0001558370-21-014604.json","markdown":"https://secwatch.observer/filing/0001558370-21-014604.md","text":"https://secwatch.observer/filing/0001558370-21-014604.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65172/000155837021014604/0001558370-21-014604-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65172/000155837021014604/msb-20211029x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-28T13:25:12.343868+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}