Mesabi Trust announced the receipt of its quarterly royalty report and payment from Cleveland-Cliffs Inc. for the quarter ended December 31, 2025. According to the report, Mesabi Trust received total royalty payments of $4,943,488 on January 30, 2026. This amount includes a base royalty of $3,622,142, a bonus royalty of $1,041,580, and an additional $66,572 from base and bonus royalty adjustments related to prior quarters. A separate royalty payment of $213,194 was also made to the Mesabi Land Trust. During the fourth quarter of 2025, Mesabi Trust was credited with 956,512 tons of iron ore shipped, compared to 1,110,800 tons in the same period of 2024. The volume of iron ore produced or shipped varies due to several factors, such as operational decisions, customer delivery schedules, economic conditions, production schedules, and weather. The Trust noted that these factors can result in significant variations in royalties received and that past distributions are not necessarily indicative of future payments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mesabi Trust published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-009757), on February 03, 2026, and is solely responsible for the information contained therein.