1. Limited production capacity: Class 1 Nickel and Technologies Limited has a relatively small production capacity compared to its peers, which limits its ability to meet growing demand for nickel and other metals.

2. Limited geographic reach: The company's operations are primarily focused in Canada, which limits its ability to access new markets and customers in other regions.

3. Dependence on a single project: Class 1 Nickel and Technologies Limited is heavily dependent on its Alexo-Dundonald project, which represents a significant portion of its revenue. This dependence exposes the company to significant risk if the project encounters any operational or financial challenges.

4. Limited diversification: The company's focus on nickel and other metals limits its ability to diversify into other areas of the mining industry, which could limit its growth potential.

5. Limited financial resources: Class 1 Nickel and Technologies Limited has limited financial resources compared to its peers, which could limit its ability to invest in new projects or expand its operations.

6. Limited track record: The company is relatively new and has a limited track record compared to its more established peers, which could make it more difficult to attract investors or customers.