v3.25.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Oct. 04, 2024
USD ($)
Sep. 06, 2024
USD ($)
Mar. 31, 2024
item
Apr. 30, 2025
USD ($)
contract
MT
$ / T
shares
Apr. 30, 2024
USD ($)
shares
Jan. 31, 2025
USD ($)
$ / T
Jan. 31, 2024
$ / T
Disaggregation of Revenue [Line Items]              
Number of units outstanding | shares       13,120,010 13,120,010    
Revenue from Contract with Customer [Abstract]              
Royalty income (loss)       $ 4,349,472 $ 6,010,608    
Base overriding royalties, first tier portion percentage       90.00%      
Base overriding royalties, first tier shipment ceiling (in million tons) | MT       4      
Base overriding royalties, second tier portion percentage       85.00%      
Base overriding royalties, second tier shipment ceiling (in million tons) | MT       2      
Base overriding royalties, third tier portion percentage       25.00%      
Base overriding royalties, third tier shipment threshold (in million tons) | MT       6      
Litigation settlement, damages $ 71,185,029            
Accrued income receivable       $ 1,916,756   $ 1,160,761  
Bonus royalty percentage       0.50%      
Bonus royalty, gross proceeds percentage       3.00%      
Royalty bonuses, price above adjusted threshold price per ton | $ / T       2      
Adjusted threshold price (in dollars per ton) | $ / T           69.41 67.75
Number of members on panel for arbitration | item     3        
Litigation settlement, amount   $ 59,799,977          
Litigation settlement, interest   $ 11,385,052          
Litigation settlement, percentage   10.00%          
Litigation Settlement, Gain $ 71,185,029            
Percentage of fee interest owned by Mesabi Land Trust in the lands subject to the Peters Lease       20.00%      
Number of customer contracts | contract       1      
Net contract asset       $ 1,179,208   $ 240,642  
Contract asset       1,179,208   240,642  
Contract liability       $ 0   $ 0  
Minimum              
Revenue from Contract with Customer [Abstract]              
Bonus royalty, gross proceeds percentage       1.00%      
Royalty bonuses, adjusted threshold price | $ / T       10      
First Million Tons Shipped or Deemed Shipped [Member]              
Revenue from Contract with Customer [Abstract]              
Royalty earned on tons shipped or deemed shipped, percentage       2.50%      
Second Million Tons Shipped or Deemed Shipped [Member]              
Revenue from Contract with Customer [Abstract]              
Royalty earned on tons shipped or deemed shipped, percentage       3.50%      
Third Million Tons Shipped or Deemed Shipped [Member]              
Revenue from Contract with Customer [Abstract]              
Royalty earned on tons shipped or deemed shipped, percentage       5.00%      
Fourth Million Tons Shipped or Deemed Shipped [Member              
Revenue from Contract with Customer [Abstract]              
Royalty earned on tons shipped or deemed shipped, percentage       5.50%      
Beyond Four Million Tons Shipped or Deemed Shipped [Member]              
Revenue from Contract with Customer [Abstract]              
Royalty earned on tons shipped or deemed shipped, percentage       6.00%      
Base Overriding Royalties              
Revenue from Contract with Customer [Abstract]              
Royalty income (loss)       $ 2,425,094 3,417,645    
Bonus Royalties              
Revenue from Contract with Customer [Abstract]              
Royalty income (loss)       1,783,835 2,450,133    
Fee Royalties              
Revenue from Contract with Customer [Abstract]              
Royalty income (loss)       $ 140,543 $ 142,830