---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006557"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:05:17.092380+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust receives $5.06M royalty on 1.0M tons shipped in Q1 2024 vs zero in Q1 2023

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-24-006557
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837024006557/0001558370-24-006557-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837024006557/msb-20240430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006557
- JSON: https://secwatch.observer/filing/0001558370-24-006557.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006557.txt

## Key facts
- Earnings Releases
  MESABI TRUST reported financial results for quarter ended March 31, 2024.
  - Period: quarter ended March 31, 2024
  - Result: reported results
  source text: On April 30, 2024, Mesabi Trust received the quarterly royalty report of iron ore shipments out of Silver Bay, Minnesota during the quarter ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/65172/000155837024006557/0001558370-24-006557-index.htm

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