1. Limited production capacity - Western Uranium & Vanadium Corporation has a relatively small production capacity compared to its peers, which limits its ability to meet growing demand for uranium and vanadium.

2. Dependence on a single mine - The company's operations are primarily focused on the Sunday Mine Complex in Colorado, which makes it vulnerable to disruptions in production due to factors such as accidents, natural disasters, or regulatory issues.

3. High operating costs - Western Uranium & Vanadium Corporation's operating costs are relatively high compared to its peers, which can impact its profitability and ability to compete in the market.

4. Limited diversification - The company's focus on uranium and vanadium mining limits its ability to diversify its operations and revenue streams, which can make it more vulnerable to market fluctuations and changes in demand.

5. Limited geographical presence - Western Uranium & Vanadium Corporation's operations are primarily focused in the United States, which limits its ability to tap into international markets and take advantage of global demand for uranium and vanadium.

6. Limited financial resources - The company has limited financial resources compared to its peers, which can impact its ability to invest in new projects, expand its operations, or compete in the market.