1. Limited Resources: Joshua Gold Resources Inc has limited financial resources compared to its peers, which may limit its ability to invest in new projects or expand its operations.

2. Lack of Diversification: The company's focus on gold exploration and mining may limit its ability to diversify its revenue streams and protect against market volatility.

3. Geographic Concentration: Joshua Gold Resources Inc's operations are concentrated in Canada, which may limit its exposure to other potentially lucrative markets.

4. Dependence on Key Personnel: The company's success is heavily dependent on the expertise and experience of its key personnel, which may pose a risk if they were to leave the company.

5. Regulatory Risks: The mining industry is subject to a range of regulatory risks, including environmental regulations, which may impact the company's operations and profitability.

6. Market Volatility: The price of gold is subject to significant volatility, which may impact the company's revenue and profitability.

7. Competition: Joshua Gold Resources Inc faces significant competition from other gold mining companies, which may limit its ability to grow and expand its operations.