Copper hit record highs in 2026 — COMEX crossed US$6.71/lb in May — but not every name riding that wave trades at a premium. A handful of genuine TSX and TSXV copper stocks still trade under $1 CAD per share, some with real production, strategic partnerships, and active drill programs behind them. We screened for real project economics and 2026 financing activity — not just a low share price — to find five names actually worth watching under $1.
Key points
- A sub-$1 share price reflects share count and dilution history, not company quality — several names on this list have real production, major-partner backing, or active financing well above what the ticker price alone suggests.
- Gunnison Copper Corp (TSX:GCU) trades around $0.36 despite already being a producer with a ~US$2.0 billion project NPV8% on its flagship expansion — one of the largest disclosed valuation gaps on this list.
- Mogotes Metals (TSXV:MOG), trading near $0.50, just closed a US$15 million strategic investment from Rio Tinto in July 2026 — direct major-miner validation at a sub-$1 share price.
Quick answer: 5 copper stocks under $1 on the TSX and TSXV in 2026
1. Gunnison Copper Corp (TSX:GCU) — ~$0.36; America’s newest copper producer, ~US$2.0B project NPV8%.
2. Mogotes Metals (TSXV:MOG) — ~$0.50; US$15M Rio Tinto strategic investment, active drilling in Argentina’s Vicuña district.
3. Copper Fox Metals (TSXV:CUU) — ~$0.59; advancing the Van Dyke and Schaft Creek copper projects.
4. Kodiak Copper Corp (TSXV:KDK) — ~$0.68; MPD copper-gold project in BC, just upsized its drill program to 16,500 metres.
5. Amarc Resources (TSXV:AHR) — ~$0.93; named to the 2026 TSX Venture 50, multiple copper-gold porphyry projects in BC.
Comparison table
| Company | Ticker | ~Share Price (CAD) | Best For | Key Catalyst |
| Gunnison Copper Corp | TSX:GCU | $0.36 | Domestic U.S. producer exposure at a deep valuation gap | ~US$2.0B project NPV8%, 22.5% IRR |
| Mogotes Metals | TSXV:MOG | $0.50 | Major-miner-validated exploration | US$15M Rio Tinto strategic investment (July 2026) |
| Copper Fox Metals | TSXV:CUU | $0.59 | Multi-project copper development exposure | Van Dyke ISR project, Schaft Creek JV with Teck |
| Kodiak Copper Corp | TSXV:KDK | $0.68 | Active drill-driven exploration upside | 16,500m drill program, C$15M oversubscribed financing (June 2026) |
| Amarc Resources | TSXV:AHR | $0.93 | Diversified BC porphyry exposure | Named to 2026 TSX Venture 50 |
Methodology: Names were screened for TSX/TSXV listing, share price under CA$1 as of July 2026, and disclosed project economics or 2026 financing/drilling activity — not simply low price alone. Prices fluctuate; verify current quotes before investing. Data sourced from company disclosures, Investing.com, Yahoo Finance, and TMX Money as of July 22, 2026.
1. Gunnison Copper Corp (TSX:GCU) — ~$0.36
Gunnison Copper Corp. (TSX: GCU | OTCQB: GCUMF | FSE: 3XS0) trades around $0.36, despite being America’s newest copper producer. The company operates the Johnson Camp Mine (JCM) in Cochise County, Arizona, reaching first commercial copper cathode sales in 2025 in partnership with Nuton LLC, a Rio Tinto venture. The 2026 PEA on its flagship Gunnison Copper Project reports an after-tax NPV8% of approximately US$2.0 billion and a 22.5% IRR — a valuation gap that stands out sharply against the company’s current sub-$1 share price and roughly $150 million market cap. Gunnison eliminated its Nebari secured debt in early 2026, entering a debt-free position. See the full Gunnison Copper Corp spotlight profile for project economics, management team, and recent financings.
Best for: Investors wanting the largest disclosed gap between project NPV and current market valuation among sub-$1 TSX copper names.
- Already producing — not a pure exploration story
- Rio Tinto-backed technology partnership (Nuton LLC) de-risks the growth case
- Debt-free balance sheet as of early 2026
- Disclosed project NPV (~US$2.0B) is roughly 13x the company’s current market cap
- Gunnison open-pit growth project still needs project financing to reach construction
- Small current production scale (up to 25M lb/yr) relative to the disclosed project’s ultimate NPV
2. Mogotes Metals (TSXV:MOG) — ~$0.50
Mogotes Metals is exploring the Filo Sur project in Argentina’s Vicuña district, adjacent to the world-class Filo del Sol deposit. On July 13, 2026, the company announced a US$15 million strategic investment from Rio Tinto alongside a proposed strategic and technical alliance — a rare direct major-miner validation for a company trading near $0.50. Earlier in July, Mogotes reported a drill result of 180 metres at 0.98% copper equivalent, expanding the Albor discovery at Filo Sur. The company also holds the Beskauga copper-gold-silver project in Kazakhstan and the Copper Cliffs project in the U.S., diversifying its exploration portfolio beyond a single district.
Best for: Investors wanting sub-$1 exposure to a major-miner-backed exploration story in one of the world’s most closely watched copper-gold districts.
- US$15 million Rio Tinto strategic investment is a strong institutional validation signal
- Filo Sur sits directly adjacent to the Filo del Sol deposit in the Vicuña district
- Multiple active drill rigs and a steady cadence of 2026 exploration results
- Diversified with additional Kazakhstan and U.S. copper-gold-silver projects
- Pre-resource exploration stage — no PEA or resource estimate yet disclosed
- Argentina jurisdiction carries different political and currency risk than Canadian or U.S. assets
3. Copper Fox Metals (TSXV:CUU) — ~$0.59
Copper Fox Metals trades around $0.59 and is advancing multiple copper projects, including the Van Dyke in-situ recovery (ISR) copper project in Arizona and a joint venture interest in the large-scale Schaft Creek project in British Columbia alongside Teck Resources. The company also trades on the OTCQX (CPFXF) and Frankfurt Stock Exchange (HPU), giving it broader international investor access than many TSXV-only peers.
Best for: Investors wanting multi-project copper exposure, including a major-partnered large-scale asset (Schaft Creek) alongside a smaller ISR development project.
- Schaft Creek JV interest provides exposure to a large-scale project alongside major producer Teck Resources
- Van Dyke ISR method offers a potentially lower-capex path to production than conventional mining
- Multi-exchange listing (TSXV, OTCQX, FSE) broadens investor accessibility
- Schaft Creek is a joint venture — Copper Fox does not control the project’s development timeline
- Van Dyke remains pre-development, with financing and permitting still required
4. Kodiak Copper Corp (TSXV:KDK) — ~$0.68
Kodiak Copper Corp trades around $0.68 and is exploring its 100%-owned MPD copper-gold porphyry project in British Columbia. On June 29, 2026, the company increased its drill program to 16,500 metres and added a second drill rig, following a C$15 million upsized and oversubscribed private placement that closed on June 25, 2026 — signaling continued investor demand for the exploration story despite the sub-$1 share price. Kodiak was also progressing a previously announced transaction to create a new US-focused copper exploration company as of late June 2026.
Best for: Investors wanting active, well-funded drill-driven exploration upside in a Tier-1 Canadian jurisdiction.
- Oversubscribed C$15M financing signals strong investor demand at current levels
- 16,500-metre drill program with two rigs provides a steady news flow catalyst through 2026
- 100%-owned project simplifies the ownership structure versus joint-venture peers
- Pure exploration stage — no resource estimate or PEA yet disclosed for MPD
- 52-week range shows meaningful volatility ($0.57–$1.28), typical of drill-result-driven juniors
5. Amarc Resources (TSXV:AHR) — ~$0.93
Amarc Resources trades around $0.93 and holds multiple copper-gold porphyry exploration projects in British Columbia. The company was named to the 2026 TSX Venture 50, a ranking of the exchange’s top-performing companies, placing 21st on the list. Amarc’s portfolio focuses on large-scale, early-to-mid-stage porphyry targets in established BC mining districts.
Best for: Investors wanting diversified BC porphyry copper-gold exposure from a name with recognized exchange-level performance credentials.
- 2026 TSX Venture 50 recognition signals strong relative performance among peers
- Multiple projects reduce single-asset concentration risk within the portfolio
- British Columbia is an established, well-understood mining jurisdiction
- Closest to the $1 threshold on this list — smallest valuation discount among the five names
- Early-to-mid-stage exploration projects carry inherent resource and financing risk
What to check before buying a copper stock under $1
- Low price ≠ cheap. Share price alone says nothing about valuation — always compare against market cap, project NPV, and share count, as Gunnison’s ~13x NPV-to-market-cap gap illustrates.
- Look for major-partner validation. Rio Tinto’s involvement with both Gunnison (via Nuton) and Mogotes Metals (via direct strategic investment) signals stronger institutional conviction than share price alone.
- Distinguish producers from explorers. Gunnison is already producing; Mogotes, Copper Fox, Kodiak, and Amarc are at varying exploration/development stages — size positions according to stage-appropriate risk.
- Check financing recency and terms. Recently closed, oversubscribed financings (Kodiak’s C$15M, Mogotes’ US$15M) suggest healthier investor demand than a company relying on stale or distressed capital.
FAQ
What are the best copper stocks under $1 on the TSX?
Gunnison Copper Corp (TSX:GCU, ~$0.36), Mogotes Metals (TSXV:MOG, ~$0.50), Copper Fox Metals (TSXV:CUU, ~$0.59), Kodiak Copper Corp (TSXV:KDK, ~$0.68), and Amarc Resources (TSXV:AHR, ~$0.93) are TSX/TSXV-listed copper names trading under $1 CAD as of July 2026 with real production, project economics, or active financing activity. Prices fluctuate daily — verify current quotes before investing.
Which sub-$1 copper stock has major-miner backing?
Gunnison Copper Corp partners with Nuton LLC, a Rio Tinto venture, for bio-leaching technology at its Johnson Camp Mine. Mogotes Metals received a direct US$15 million strategic investment from Rio Tinto in July 2026. Copper Fox Metals holds a joint venture interest in Schaft Creek alongside Teck Resources.
Is a low share price a sign a copper stock is undervalued?
Not necessarily — share price reflects a company’s share count as much as its total value. Gunnison Copper Corp’s disclosed project NPV (~US$2.0 billion) is roughly 13 times its current market capitalization despite trading under $0.40, illustrating that comparing market cap and project economics matters far more than the raw share price.
What copper juniors have active drill programs in 2026?
Kodiak Copper Corp increased its MPD project drill program to 16,500 metres with two rigs as of June 2026. Mogotes Metals is actively drilling multiple targets in Argentina’s Vicuña district, reporting a 180-metre, 0.98% copper equivalent intercept in July 2026.
Is copper a good investment in 2026?
Copper prices reached record highs in 2026 — COMEX hit US$6.71/lb in May — driven by supply disruptions and structural demand growth from electrification and AI data center buildout. Sub-$1 junior and mid-tier copper equities carry higher volatility and financing risk than the metal itself; investors should weigh project stage, jurisdiction, and major-partner involvement before allocating to individual names.
This article is for informational purposes only and does not constitute investment advice. Junior mining equities carry significant risk, including exploration, financing, permitting, and commodity price risk. Conduct independent due diligence and consult a licensed financial advisor before investing. See more spotlight companies on Cashu Markets.