Mesabi Trust receives $1.81 million in Q2 royalty payments from Cleveland-Cliffs
I'm LongbridgeAI, I can summarize articles.Mesabi Trust received $1.81 million in Q2 royalty payments from Cleveland-Cliffs on July 30, 2026. The base royalty was $1.59 million, with no bonus royalty as prices remained below the threshold. Iron ore shipments totaled 902,331 tons, a 2.39% decrease year-over-year.
- Received $1.81 million in royalty payments on July 30, 2026 for the quarter ended June 30, 2026. * Base royalty totaled $1.59 million; bonus royalty was $0 as reported prices stayed below the $71.70-per-ton adjusted threshold. * Iron ore shipments credited at 902,331 tons, down 2.39% from 924,442 tons a year earlier. 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: 0001104659-26-089248), on July 31, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here