---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000693"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T12:04:17.516114+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust receives $6.4M in Q4 2023 royalty payments from Cleveland-Cliffs

## Summary
- Total royalties $6,432,434 received Jan 30, 2024; base $3,819,821 plus bonus $2,361,242.
- Tons credited: 964,129 in Q4 2023 vs negative 54,026 in Q4 2022 (Northshore idled).
- Northshore partially restarted April 2023 at less than full capacity; still swing operation.
- Future royalty/distribution variability depends on Cleveland-Cliffs' production plans and pricing.

## SEC filing metadata
- accession: 0001558370-24-000693
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837024000693/0001558370-24-000693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837024000693/msb-20240130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000693
- JSON: https://secwatch.observer/filing/0001558370-24-000693.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000693.txt

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