1. Limited geographical diversification: Element79 Gold Corp operates primarily in Canada, which limits its exposure to other potentially lucrative mining regions around the world.

2. Smaller market capitalization: Compared to its peers, Element79 Gold Corp has a smaller market capitalization, which may limit its ability to attract investors and raise capital.

3. Limited production capacity: The company's current production capacity is relatively small compared to its peers, which may limit its ability to compete in the market.

4. Higher production costs: Element79 Gold Corp's production costs are higher than some of its peers, which may impact its profitability and ability to generate returns for investors.

5. Limited track record: The company is relatively new and has a limited track record compared to some of its more established peers, which may make it less attractive to investors.

6. Higher risk profile: As a smaller and less established company, Element79 Gold Corp may be considered higher risk compared to its more established peers, which may make it less attractive to risk-averse investors.