The Globe and Mail reports in its Monday, Dec. 16, edition that Canada's mining industry faces significant challenges in unlocking vital critical minerals for our economy. 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. Mr. Selby says 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 venture-stage companies like development-stage miners. This shift, along with a lack of institutional investment in the venture sector, is negatively affecting the industry's ability to raise capital.