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S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Financings Material +

Grounded Announces Option Agreement for Monument Peak Mineral Property and $2.0 Million Financing

Grounded People Pivots from Retail Shell to Idaho Mining Venture in $2M Raise

By The Northwire Desk — AI Analysis Apr 29, 2026 · 18:00 SHOE · 0.15 Grounded People Apparel Inc.
Executive Summary
  • Most Recent Release (2026-04-29): Grounded People Apparel Inc. announced an option agreement to acquire a 100% interest in the Monument Peak Property in Lemhi County, Idaho. This is classified as a "Fundamental Change" transitioning the company into a Mining Issuer.
  • Financing: A private placement of subscription receipts is launched to raise approximately $2,000,000 gross proceeds at $0.15 per unit (1 share + 0.5 warrant). Warrants exercisable at $0.17 for 36 months.
  • Property Terms: Optionors include DG Resource Management Ltd., Global Energy Metals Corporation, and DG Resource (US) Ltd. Payments total approximately $800,000 cash and shares over three years plus exploration commitments ($250k in first 12 months).
  • Royalties: DGRM and GEMC retain a 1% NSR royalty each. The company can buy back half of each royalty for $1 million (before year 5) or $2 million (after year 5).
  • Status: Shares are halted pending CSE approval. Transaction requires shareholder approval.
Material Impact
  • Fundamental Shift: This news confirms the strategic review initiated in February 2026 and the termination of retail operations in November 2025. The company is effectively pivoting from a terminated apparel business to an early-stage mining explorer.
  • Capital Raise Quality: The financing price of $0.15 per share represents a 50% premium over the previous debt settlement price ($0.10) and the February private placement price ($0.10). This suggests improved market confidence or valuation relative to recent history, though it remains speculative.
  • Execution Risk: The transaction is not closed; shares are halted pending CSE and shareholder approval. There is no guarantee of completion.
  • Dilution Impact: The company continues to dilute shareholders through debt settlements (March 2026) and new equity raises. The warrant overhang from this financing ($0.17 strike) adds future selling pressure potential if the stock trades above that level.
  • Asset Quality: The Monument Peak Property is an option agreement, not a proven asset. No resource estimates or drill results are provided in this release. It remains a high-risk exploration play.
SHOE · Price
Company Overview
  • Company: Grounded People Apparel Inc. was originally a footwear retailer but terminated all retail operations in November 2025, becoming an inactive issuer (SHOE.X).
  • Flagship Project: Monument Peak Property, Lemhi County, Idaho, USA.
  • Project Status: Option agreement stage. No production or resource estimates disclosed yet.
  • Development Plan: Minimum $250,000 in eligible expenditures within 12 months of closing to maintain the option.
Read the original news release →

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SEDAR Interim Financial Statements

None