1. Limited operational experience - Northern Sphere Mining Corp is a relatively new company and lacks the operational experience of its peers, which may impact its ability to effectively manage its mining operations.

2. Limited financial resources - The company has limited financial resources compared to its peers, which may limit its ability to invest in exploration and development activities.

3. Limited production capacity - Northern Sphere Mining Corp has a relatively small production capacity compared to its peers, which may limit its ability to generate revenue and compete in the market.

4. Limited geographic diversification - The company's mining operations are primarily focused in Canada, which may limit its ability to diversify its revenue streams and mitigate risks associated with operating in a single geographic region.

5. Limited market presence - Northern Sphere Mining Corp has a relatively small market presence compared to its peers, which may limit its ability to attract investors and secure financing for its operations.

6. Dependence on commodity prices - The company's financial performance is heavily dependent on commodity prices, which can be volatile and unpredictable, and may impact its profitability and growth prospects.

7. Regulatory risks - The mining industry is subject to a range of regulatory risks, including environmental regulations, permitting requirements, and compliance with health and safety standards, which may impact the company's operations and profitability.