1. Limited portfolio: Element 29 Resources Inc has a limited portfolio of assets compared to its peers, which may limit its growth potential.

2. Lack of diversification: The company's focus on copper and gold exploration and development may leave it vulnerable to fluctuations in commodity prices.

3. Reliance on exploration: Element 29 Resources Inc is primarily an exploration company, which means it may take longer to generate revenue compared to its peers who are already in production.

4. Limited financial resources: The company has limited financial resources compared to its peers, which may limit its ability to fund exploration and development activities.

5. Lack of established partnerships: Element 29 Resources Inc has yet to establish significant partnerships with other companies or investors, which may limit its access to capital and expertise.

6. Limited market presence: The company is relatively unknown in the market compared to its peers, which may make it harder to attract investors and partners.

7. Lack of proven track record: Element 29 Resources Inc is a relatively new company with no proven track record of success, which may make investors hesitant to invest in the company.