1. Limited geographical presence - Norrland Gold Corp operates only in Sweden, which limits its exposure to other potential markets and opportunities.

2. Small market capitalization - The company has a relatively small market capitalization compared to its peers, which may limit its ability to attract investors and raise capital.

3. Limited production capacity - Norrland Gold Corp has a limited production capacity, which may limit its ability to meet demand and compete with larger producers.

4. Lack of diversification - The company's focus on gold mining means that it is not diversified across other commodities, which may expose it to greater risk in the event of a downturn in the gold market.

5. Dependence on exploration success - Norrland Gold Corp's success is heavily dependent on its ability to discover and develop new gold deposits, which is a risky and uncertain process.

6. Limited resources - The company has limited financial and human resources, which may limit its ability to compete with larger and more established peers.

7. Lack of established partnerships - Norrland Gold Corp has not established any significant partnerships or joint ventures with other companies, which may limit its ability to access new markets and technologies.