Paracord bracelets look like an accident about to happen. Like rings on fingers in a climbing situation, I can see the bracelet catching on something, with rather nasty results. Para cord is great stuff, but not hanging around on your wrist. Keep it in a kit where it will be ready.

I would suggest a Mora knife, but even at fifteen bucks a pop, they get to be pricey for the entire group; and of course, there are other issues as well surrounding fixed blade knives.

How about some training in fundamental outdoor skills - navigating by the stars, a brief introduction to roped climbing with an emphasis on safety - this is near and dear to my heart because I have retrieved way too many bodies of young men (mostly) who had gear and didn't have a clue as to how to use it properly, or were totally oblivious to the hazards and exposure which either killed or injured them. There are a lot of other skill topics, many of which might be more appropriate for your group.

Ultimately, skills and knowledge are more important than gadgets,