1. Limited exploration experience: Labrador Gold Corp is a relatively new company with limited exploration experience compared to its peers. This could limit its ability to identify and develop high-quality mineral deposits.

2. Small market capitalization: The company has a small market capitalization compared to its peers, which could limit its ability to attract investment and fund exploration activities.

3. Limited geographic diversification: Labrador Gold Corp's exploration activities are focused solely on Newfoundland and Labrador, which could limit its exposure to other potentially lucrative mineral deposits in other regions.

4. Dependence on a single project: The company's primary focus is on the Kingsway Gold Project, which could expose it to significant risks if the project fails to deliver expected results.

5. Limited financial resources: Labrador Gold Corp has limited financial resources compared to its peers, which could limit its ability to fund exploration activities and compete for high-quality mineral deposits.

6. Lack of established partnerships: The company has yet to establish significant partnerships with other mining companies or industry players, which could limit its ability to access new opportunities and leverage the expertise of others in the industry.