1. Limited portfolio: Exploits Discovery Corp has a limited portfolio of mineral exploration projects compared to its peers, which may limit its growth potential.
2. Lack of diversification: The company's focus on gold exploration may make it vulnerable to fluctuations in the gold market, which could impact its financial performance.
3. Reliance on external funding: Exploits Discovery Corp relies heavily on external funding to finance its exploration activities, which may increase its financial risk and limit its ability to pursue new opportunities.
4. Limited operational experience: The company's management team has limited operational experience in the mining industry, which may impact its ability to effectively manage its exploration projects.
5. Geographic concentration: The company's exploration projects are concentrated in Newfoundland, which may limit its exposure to other potentially lucrative mining regions.
6. Limited market presence: Exploits Discovery Corp has a relatively small market presence compared to its peers, which may limit its ability to attract investors and secure funding for its projects.
7. Regulatory risks: The mining industry is subject to a range of regulatory risks, including environmental regulations and permitting requirements, which may impact the company's ability to develop its projects.