Grounded People Apparel Enters Property Option Agreement
VANCOUVER, British Columbia, Canada — April 29, 2026 — Leads & Copy — Grounded People Apparel Inc. (CSE: SHOE.X), (OTC PINK: GPAIF), (Frankfurt: K1G, WKN:A3DVB1) has entered into a property option agreement with DG Resource Management Ltd., Global Energy Metals Corporation, and DG Resource Management (US) Ltd. The agreement grants Grounded People the right to acquire 100% of the Optionors’ legal and beneficial interest in the Monument Peak Property, located in Lemhi County, Idaho, USA.
The company intends to complete a private placement of subscription receipts at $0.15 per subscription receipt, for gross proceeds of approximately $2,000,000. Trading of Grounded People Apparel Inc. shares has been halted and is expected to remain so until the CSE approves the transaction, which represents a “Fundamental Change” for the Company as defined in Canadian Securities Exchange Policies.
According to the option agreement, Grounded People can acquire the Optionors’ 100% interest in the Property, subject to a Production Royalty, in exchange for cash payments, the issuance of common shares, and the incurrence of direct exploration and development expenditures.
The terms include:
- $200,000 cash payment to DG Resource Management Ltd. within five calendar days of CSE approval.
- $50,000 cash payment and issuance of common shares valued at $100,000 to Global Energy Metals Corporation on the closing date.
- $150,000 cash payment and issuance of common shares valued at $150,000 to Global Energy Metals Corporation on the 1st anniversary of the effective date of the Option Agreement.
- $200,000 cash payment and issuance of common shares valued at $250,000 to Global Energy Metals Corporation on the 2nd anniversary of the effective date.
- $250,000 cash payment and issuance of common shares valued at $250,000 to Global Energy Metals Corporation on the 3rd anniversary of the effective date.
- A minimum of $250,000 in eligible expenditures on the Property within 12 months from the closing date, or another mutually agreed-upon date.
Common shares issued will be subject to a four-month hold period under applicable securities laws, followed by voluntary resale restrictions. One-sixth of the common shares will be released from voluntary restrictions each month over six months, resulting in 100% release six months after the initial release date.
Upon acquiring the Property, Grounded People will grant DG Resource Management Ltd. and Global Energy Metals Corporation a 1% net smelter returns royalty on commercial production. The company retains the right to purchase one-half of each royalty for $1,000,000 if exercised before the fifth anniversary of the effective date, or $2,000,000 if exercised on or after.
The transaction is subject to conditions, including CSE and shareholder approval. Following completion, the Company anticipates being listed on the CSE as a Mining Issuer.
The transaction is an arms-length transaction and is not expected to result in any new insider or control person of the Company.
Approximately 25% of the offering’s gross proceeds will be available for exploration, working capital, and administrative expenses, with the balance held in escrow pending completion of the transaction.
Each subscription receipt entitles the holder to one unit, comprising one common share and one-half of one common share purchase warrant. Each whole warrant allows the holder to acquire one common share at $0.17 for 36 months from issuance.
Subscription receipts will be subject to a statutory four-month hold period. The offering is subject to CSE approval.
Grounded People Apparel Inc. is undertaking a strategic review of its business, evaluating opportunities across emerging sectors, focusing on execution and shareholder value.
Maximilian Justus is the Chief Executive Officer of Grounded People Apparel Inc.
Source: Grounded People Apparel Inc.
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