1. Limited geographical presence - North Atlantic Resources Ltd operates primarily in Canada, which limits its exposure to other potentially lucrative markets.
2. Smaller size - Compared to its peers, North Atlantic Resources Ltd is a relatively small company, which may limit its ability to compete with larger players in the industry.
3. Limited product portfolio - The company's product portfolio is limited to gold and silver, which may limit its ability to diversify and mitigate risks associated with fluctuations in commodity prices.
4. Higher production costs - North Atlantic Resources Ltd's production costs are relatively high compared to its peers, which may impact its profitability and ability to compete in the market.
5. Limited financial resources - The company has limited financial resources, which may limit its ability to invest in exploration and development activities, as well as acquisitions and partnerships.
6. Dependence on external financing - North Atlantic Resources Ltd relies heavily on external financing to fund its operations, which may limit its flexibility and ability to respond to market changes.
7. Environmental and social risks - The company operates in a highly regulated industry, and any environmental or social risks associated with its operations may impact its reputation and ability to attract investors and customers.