ASX stocks under $1, while copper prices soar

Copper's boom is driven by its growing role in infrastructure, manufacturing along with clean energy systems and the following ASX copper stocks which are trading under one dollar offer significant upside as these long-term tailwinds continue to strengthen.

True North Copper Limited (ASX: TNC)

True North Copper Limited has surged over 35% in the past one month which highlights strong market interest and now has a market capitalisation of $104.97 million.
On 8 December 2025, the company announced that it secured $12.5 million through a placement of 25 million fully paid ordinary shares at an issue price of $0.50 per share which will support growth activities in 2026.

The September 2025 quarterly update highlighted solid exploration progress across key assets and drilling results at Mount Oxide confirmed a large-scale copper cobalt silver system with thick intersections.

Exploration spending increased to $3.92 million during the September quarter and in December the company announced the identification of multiple priority Iron Oxide Copper Gold (IOCG) targets across the Chumvale region in northwest Queensland.

Aeris Resources Limited (ASX: AIS) 

Aeris Resources Limited surged by around 25% over the past one month and announced on 29 December 2025 that it received development consent from the NSW Government for its Constellation Project.
The company produced 10.3kt of copper equivalent during the September quarter and copper production at Tritton reached 6.1kt at an AISC of $4.24 per pound which was broadly in line with the previous quarter as the mine continued progressing through the Murrawombie pit development phase.

Aeris invested $25 million in growth capital at Tritton for waste stripping at Murrawombie Stage 2 where ore delivery is expected to increase during the second half of FY26.
The market capitalisation is $763.2 million while Group operating cash flow reached $53.1 million for the quarter and the company ended the period with $46.4 million in cash and receivables which reflects solid liquidity management.

Cyprium Metals Limited (ASX: CYM)

Cyprium Metals Limited has surged by over 50% in the past one month and delivered a transformative September 2025 quarter which was focused on advancing the restart of the Nifty Copper Complex in Western Australia.

The company now has a market capitalisation of $275.6 million and recently completed $80 million capital raise through a placement.

Cash flow during the quarter reflected development stage activity as net operating cash outflows stood at $7.7 million which were due to site operations, staffing costs and project readiness work.
Cyprium ended the September quarter with a strong balance sheet which supports the cathode restart, exploration programs across the Paterson Province and feasibility studies for the Concentrate Project.

Austral Resources Australia Limited (ASX: AR1)

Austral Resources Australia Limited has surged over 30% in the past one week and on 2 January 2026 announced that its copper production for December exceeded 910 tonnes which is the highest copper output since the company’s restructure in 2023.

Q4 copper production exceeded both budget and published guidance with output of 2,643 tonnes compared to guidance of 2,610 tonnes and on 18 December 2025 the company also announced the definition of multiple high grade copper gold exploration targets across its Eastern tenement area.

Following the end of the September quarter, Austral received binding commitments for a Placement Offer to raise $40 million at $0.05 per share and the proceeds will be used for balance sheet recapitalisation along with exploration and resource development.

During the quarter, the company generated $31.9 million in cash from copper cathode sales which resulted in a net operating cash inflow of $0.4 million.

(Source: Company Reports)