The Globe and Mail reports in its Monday edition that Canada's mining industry faces significant challenges in developing vital critical minerals. The Globe's guest columnist Mark Selby writes that securing development financing and navigating regulatory hurdles while competing with global players like China complicate the process. Many projects are trapped in the "Valley of Death," struggling to obtain the necessary backing for permitting and engineering. A comprehensive strategy is essential to restore investor confidence, stimulate domestic investment and position Canada as a leader in the low-carbon economy transition. Initiatives like the critical minerals tax credit are positive, but they do not sufficiently tackle the significant lack of capital for new mining development. Historically, Canada had many brokerage firms that financed mining projects, but now capital is mostly controlled by big banks and directed into passive index or exchange-traded funds, often excluding development-stage miners. Canada Nickel's Crawford project in 2024 became the first mining project to file a mandatory impact statement under federal environmental legislation from 2019, highlighting the sector's struggle to advance projects.