1. Limited production capacity - Noront Resources Ltd has a relatively small production capacity compared to its peers, which limits its ability to generate revenue and compete effectively in the market.

2. Limited diversification - The company's operations are focused on the exploration and development of nickel, copper, and platinum group metals in the Ring of Fire region of Northern Ontario. This lack of diversification makes the company vulnerable to fluctuations in commodity prices and market demand.

3. High capital expenditure requirements - Noront Resources Ltd requires significant capital expenditure to develop its mining projects, which can be a challenge for a company of its size. This can limit the company's ability to invest in other areas of the business, such as marketing and research and development.

4. Limited access to financing - The company's small size and limited production capacity can make it difficult to secure financing from banks and other financial institutions. This can limit the company's ability to fund its operations and invest in growth opportunities.

5. Limited market presence - Noront Resources Ltd has a relatively small market presence compared to its peers, which can limit its ability to attract customers and compete effectively in the market. This can also make it difficult for the company to negotiate favorable contracts with suppliers and other business partners.