MESABI TRUST
For the period ended Oct 31, 2025. Filed Dec 12, 2025.
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Oct 31, 2025 · Filed Dec 12, 2025
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Item 1. Legal Proceedings
On September 26, 2025, Mesabi Trust initiated arbitration against Northshore and its parent, Cliffs (Northshore and Cliffs, jointly, the “Operator”), the lessee/operator of the leased lands. Mesabi Trust commenced the arbitration proceeding through the American Arbitration Association. Mesabi Trust seeks damages and declaratory relief relating to the Operator’s idling of Northshore’s operations from May 2022 to April 2023 and underpayment of royalties on intercompany shipments from 2023 through the present.
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