secwatch.observer — SEC 8-K summary
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Issuer:     MESABI TRUST (MSB)
CIK:        0000065172
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0001558370-25-000606
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Mesabi Trust receives Q4 2024 royalty of $8.99M on 1.11M tons shipped, up from 964k tons YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65172/000155837025000606/0001558370-25-000606-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65172/000155837025000606/msb-20250130x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000606

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