MESABI TRUST (MSB) Form 8-K — May 4, 2026
Mesabi Trust reported total royalty payments of $1,625,300 for the quarter ended March 31, 2026, received from Cleveland-Cliffs Inc. The payment included a base royalty of $1,201,501 and positive adjustments of $243,986 related to prior quarters, but notably excluded a bonus royalty for the first time in several years. The absence of a bonus royalty occurred because all deemed shipments were below the 2026 adjusted threshold of $71.70 per ton. Iron ore shipments for the quarter totaled 938,572 tons, significantly higher than the 457,728 tons shipped during the same period in 2025.
Key figures
- Revenue
- 1625300
- Base Royalty
- 1201501
- Bonus Royalty
- 0
- Iron Ore Tons Shipped
- 938572
- Bonus Royalty Threshold
- 71.7
- Mesabi Land Trust Payment
- 179813
- Prior Quarter Adjustments
- 243986
- Iron Ore Tons Shipped Prior Year
- 457728
Price after filing
Close on the filing date to close N calendar days later (from $27.60). Historical, not a forecast.
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