5 Best Strong Buy Penny Stocks to Invest In Now

3. i-80 Gold Corp. (NYSEAMERICAN:IAUX)

Number of Hedge Fund Holders: 32

i-80 Gold Corp. (NYSEAMERICAN:IAUX) is one of the best strong buy penny stocks to invest in now. i-80 Gold Corp. (NYSEAMERICAN:IAUX) announced on June 25 the remaining assay results from the completed 2025-2026 infill drill campaign within the upper 426 zone of the Archimedes Underground Project, which is situated on the Company’s Ruby Hill property in northeastern Nevada, USA. Development there remains on schedule to attain first gold in the fourth quarter of 2026. The company further stated that it is continuing to optimize the sequencing of its development plan, and that “the timing of feasibility-level technical studies for Granite Creek underground and Cove underground is being extended from the second quarter of 2026 to the third quarter of 2026”.

In another development, i-80 Gold Corp. (NYSEAMERICAN:IAUX) announced on June 26 its entry into a termination and settlement agreement with Vox Royalty Cayman SEZC and its parent company, Vox Royalty Corp., to terminate the company’s gold offtake agreement. The termination of the agreement is expected to offer greater financial and commercial flexibility to the company and bolster its balance sheet further.

i-80 Gold Corp. (NYSEAMERICAN:IAUX) provides gold production and development services.

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