---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000606"
form_type: "8-K"
ticker: "MSB"
cik: "0000065172"
company_name: "MESABI TRUST"
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T04:17:07.371476+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 Q4 2024 royalty of $8.99M on 1.11M tons shipped, up from 964k tons YoY

## Summary
- Total royalty payment of $8,986,464 received from Cleveland-Cliffs for Q4 2024.
- Base royalty of $5,724,454 plus bonus royalty of $3,093,243; no adjustments.
- Shipments of 1,110,800 tons credited vs 964,129 tons in Q4 2023, a 15% increase.
- Royalty of $168,767 also paid to Mesabi Land Trust out of total.
- Northshore continues as swing operation; no specific 2025 guidance provided.

## SEC filing metadata
- accession: 0001558370-25-000606
- form_type: 8-K
- ticker: MSB
- cik: 0000065172
- company_name: MESABI TRUST
- filed_at: 2025-02-03T23:59:59+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/65172/000155837025000606/0001558370-25-000606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/65172/000155837025000606/msb-20250130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000606
- JSON: https://secwatch.observer/filing/0001558370-25-000606.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000606.txt

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