1. Limited exploration and production capabilities - Northern Uranium Corp has limited exploration and production capabilities compared to its peers, which may limit its ability to identify and develop new uranium deposits.

2. Small market capitalization - The company has a relatively small market capitalization compared to its peers, which may limit its ability to attract investment and finance its operations.

3. Limited geographic diversification - Northern Uranium Corp has a limited geographic diversification compared to its peers, which may expose it to greater risks associated with political instability, regulatory changes, and other factors.

4. Dependence on a single project - The company is heavily dependent on its flagship project, the Northwest Manitoba project, which may increase its exposure to risks associated with project delays, cost overruns, and other factors.

5. Limited financial resources - Northern Uranium Corp has limited financial resources compared to its peers, which may limit its ability to fund exploration and development activities, as well as to weather market downturns and other challenges.

6. Lack of established partnerships - The company has yet to establish significant partnerships with other industry players, which may limit its ability to access new markets, technologies, and expertise.

7. Limited track record - Northern Uranium Corp has a limited track record compared to its peers, which may make it less attractive to investors and other stakeholders.