10 Best Mining Stocks to Buy According to Hedge Funds

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5. Perpetua Resources Corp. (NASDAQ:PPTA)

Number of Hedge Fund Holders: 27

Perpetua Resources Corp. (NASDAQ:PPTA) is one of the Best Mining Stocks to Buy According to Hedge Funds. On August 29, 2025, Perpetua Resources Idaho, Inc., a wholly owned subsidiary of Perpetua Resources Corp. (NASDAQ:PPTA), entered into a camp supply and installation agreement with ATCO Structures & Logistics (USA) Inc. This is for dVizslaesigning, constructing, and installing a 1,010-person turnkey camp accommodation and site package for Perpetua Resources Corp. (NASDAQ:PPTA)’s Stibnite Gold Project.

Perpetua Resources Corp. (NASDAQ:PPTA) received its final federal permit for the Stibnite Gold Project in Q2 2025. This follows eight years of rigorous interagency coordination and review. The company has also closed $425 million in gross proceeds from equity financing and subsequently additional gross proceeds of $49 million upon full exercise of an underwriter option, for total aggregate gross proceeds of ~$474 million. Perpetua Resources Corp. (NASDAQ:PPTA) remains focused on finalizing remaining permits for the Stibnite Gold Project to support early works construction that is expected to begin in the fall of 2025.

Perpetua Resources Corp. (NASDAQ:PPTA) is a development-stage company that is engaged in the acquisition of mining properties.

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