secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001558370-24-014142
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837024014142/0001558370-24-014142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837024014142/msb-20241030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014142

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