secwatch.observer — SEC 8-K summary
======================================

Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001558370-23-017250
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesabi Trust receives $5.5M Q3 2023 royalty vs zero last year as Northshore restarts
--------------------------------------------------------------------------------

- Royalty payment received Oct 30, 2023: $5,461,618 to Mesabi Trust plus $204,636 to Mesabi Land Trust, total $5,666,254.
- Volume of 1,019,311 tons shipped/produced in Q3 2023 versus zero tons in Q3 2022 when operations were idled.
- Base royalty of $2,892,169 plus bonus royalty of $2,560,609 and positive adjustments of $8,840.
- Northshore partially restarted in 2023 after idling from May 2022 to March 2023; future production remains uncertain.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837023017250/0001558370-23-017250-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837023017250/msb-20231030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017250

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer