MESABI TRUST

For the period ended Jan 31, 2025. Filed Apr 24, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 24, 2025

MSB$17.13-0.7%Stored close · as of Nov 9, 2026

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Contents

MESABI TRUST

ANNUAL REPORT ON FORM 10-K

Table of Contents

Page

PART I
ITEM 1.	Business	3
ITEM 1A.	Risk Factors	3
ITEM 1B.	Unresolved Staff Comments	3
ITEM 1C.	Cybersecurity	3
ITEM 2.	Properties	4
ITEM 3	Legal Proceedings	4
ITEM 4.	Mine Safety Disclosures	5
PART II
ITEM 5.	Market for Registrant’s Common Equity, Related Unitholder Matters and Issuer Purchases of Equity Securities	5
ITEM 6.	Reserved	5
ITEM 7.	Trustees’ Discussion and Analysis of Financial Condition and Results of Operations	5
ITEM 7A	Quantitative and Qualitative Disclosures about Market Risk	5
ITEM 8.	Financial Statements and Supplementary Data	6
ITEM 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	6
ITEM 9A.	Controls and Procedures	6
ITEM 9B.	Other Information	7
ITEM 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	7
PART III
ITEM 10.	Directors, Executive Officers and Corporate Governance	8
ITEM 11.	Executive Compensation	10
ITEM 12.	Security Ownership of Certain Beneficial Owners and Trustees and Related Unitholder Matters	12
ITEM 13.	Certain Relationships and Related Transactions, and Director Independence	13
ITEM 14.	Principal Accountant Fees and Services	14
PART IV
ITEM 15.	Exhibit and Financial Statement Schedules	15
Signatures	19

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.