secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001558370-24-006557
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837024006557/0001558370-24-006557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837024006557/msb-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006557

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