Mesabi Trust

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1 Columbus Cir Ste 17
New York, NY 10019
+1 (904) 271-2520
http://www.mesabi-trust.com

Mesabi Trust is a royalty trust established in New York in 1961, focused on generating income from the Peter Mitchell Mine located in Minnesota's Mesabi Iron Range. The mine is operated by Northshore Mining Company, a subsidiary of Cleveland-Cliffs Inc., which processes taconite into iron ore pellets for steel production.

The Trust earns royalties based on the selling price of the iron pellets and the volume of ore extracted, with a structure designed to pass income directly to unitholders without taxation at the Trust level. Key governing documents outline the Trust's management and the terms under which royalties are collected and distributed.

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