Northwire Canada EditionThursday, October 15, 2026
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GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
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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Production / Operations