1. Limited exploration and production capabilities - Quartz Mountain Resources Ltd has limited exploration and production capabilities compared to its peers, which may limit its ability to discover and develop new mineral 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. Dependence on a single project - Quartz Mountain Resources Ltd is heavily dependent on its flagship project, the Quartz Mountain Gold Project, which may expose the company to significant risks if the project fails to meet expectations.

4. Limited geographic diversification - The company's operations are primarily focused in North America, which may limit its ability to access new markets and diversify its revenue streams.

5. Lack of established partnerships - Quartz Mountain Resources Ltd has limited partnerships with other companies in the industry, which may limit its ability to access new technologies and expertise.

6. Limited financial resources - The company has limited financial resources compared to its peers, which may limit its ability to invest in new projects and expand its operations.

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 operate and develop new projects.