{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-25-006197","form_type":"8-K","ticker":"MSB","cik":"0000065172","company_name":"MESABI TRUST","filed_at":"2025-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.039522+00:00","generated_at":"2026-05-22T23:16:56.745977+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Mesabi Trust Q1 2025 royalty payment $2.4M; shipments down 55% YoY to 457,728 tons","bullets":["Received total royalty payment of $2,422,329 for Q1 2025 (base $1,067,762, bonus $1,281,315).","Q1 2025 shipments credited: 457,728 tons, down from 1,006,692 tons in Q1 2024 (55% drop).","No third-party arm's-length pellet sales since two low-volume shipments in December 2024.","No adjustments related to prior quarters were included in the royalty payment."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-25-006197","json":"https://secwatch.observer/filing/0001558370-25-006197.json","markdown":"https://secwatch.observer/filing/0001558370-25-006197.md","text":"https://secwatch.observer/filing/0001558370-25-006197.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/65172/000155837025006197/0001558370-25-006197-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/65172/000155837025006197/msb-20250430x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T23:16:56.745977+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}