---
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"
generated_at: "2026-05-22T23:16:56.745977+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mesabi Trust Q1 2025 royalty payment $2.4M; shipments down 55% YoY to 457,728 tons

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-006197
- JSON: https://secwatch.observer/filing/0001558370-25-006197.json
- Plain text: https://secwatch.observer/filing/0001558370-25-006197.txt

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