Mesabi Trust | 8-K: FY2027 Q1 Revenue: USD 1.625 M

Revenue: As of FY2027 Q1, the actual value is USD 1.625 M.

Operational Metrics

Mesabi Trust declared a distribution of $0.05 per Unit of Beneficial Interest, payable on August 20, 2026, which represents a decrease compared to the $0.12 per Unit distribution declared for the same period last year .

Royalty Payments

The Trust received total royalty payments of $1,625,300 on April 30, 2026, from Cleveland-Cliffs Inc., which did not include any bonus royalty payment . This amount is lower than the total royalty payments of $2,422,329 received in April 2025 .

Outlook / Guidance

This press release contains forward-looking statements concerning Northshore operations and Cliffs during 2026 . Actual production, prices, sales, shipments, and royalty payments could materially differ from current expectations due to inherent risks and uncertainties, including adverse economic trends, market volatility, and changes in trade laws . Mesabi Trust undertakes no obligation to publicly update or revise any forward-looking statements after the date of the release .