1. Limited operational history: Clean Air Metals Inc is a relatively new company and has limited operational history compared to its peers. This lack of experience may make it difficult for the company to compete with more established players in the industry.

2. Limited financial resources: Clean Air Metals Inc may have limited financial resources compared to its peers, which could limit its ability to invest in new projects or expand its operations.

3. Limited production capacity: The company's production capacity may be limited compared to its peers, which could limit its ability to meet demand and generate revenue.

4. Dependence on a single project: Clean Air Metals Inc is currently focused on the Thunder Bay North project, which means that the company's success is heavily dependent on the success of this project. This could be a disadvantage compared to peers who have a more diversified portfolio of projects.

5. Exposure to commodity price fluctuations: Clean Air Metals Inc is exposed to fluctuations in commodity prices, which could impact the company's profitability and financial performance.

6. Regulatory risks: The mining industry is subject to a range of regulations, and Clean Air Metals Inc may face regulatory risks that could impact its operations and financial performance.

7. Limited market presence: Clean Air Metals Inc may have limited market presence compared to its peers, which could make it difficult for the company to attract investors and customers.