---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-014142"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:08:02.667873+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust Q3 2024 royalty $7.36M; shipped tons down 4.6% YoY

## Summary
- Total royalty of $7,355,929: base $4,469,814, bonus $2,718,456, plus $167,659 to Land Trust.
- Iron ore shipments credited to Trust: 972,154 tons vs 1,019,311 tons in Q3 2023 (-4.6%).
- No adjustments reported by Cleveland-Cliffs for the quarter ended Sep 30, 2024.
- Northshore continues as swing operation; 2024 shipment forecast not provided to Trust.
- Trust notes shipments and royalties vary significantly quarter to quarter.

## SEC filing metadata
- accession: 0001558370-24-014142
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/65172/000155837024014142/0001558370-24-014142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837024014142/msb-20241030x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-014142
- JSON: https://secwatch.observer/filing/0001558370-24-014142.json
- Plain text: https://secwatch.observer/filing/0001558370-24-014142.txt

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