The Globe and Mail reports in its Saturday, Nov. 23, edition that raising capital in Canada's junior mining sector has become increasingly difficult, especially with Ottawa's recent restrictions on Chinese state-sponsored funds. The Globe's Niall McGee writes that FPX Nickel chief executive officer Martin Turenne remains optimistic as he aims to have a nickel mine and refinery at the Baptiste project in British Columbia by the end of the decade, targeting the electric-vehicle battery market. The estimated cost to build this potential top 10 nickel operation is $2.6-billion. Before construction begins, FPX needs to conduct more drilling, complete a feasibility study, carry out an environmental assessment and consult with first nations communities, requiring up to $45-million over the next three to four years. Right now, it is almost impossible for FPX to raise this money on its own. With no mine in operation, the company has zero revenue. No bank will lend to it. Raising capital in Canada's junior mining sector has been getting progressively harder over the past decade, but with one of the key sources of patient capital virtually eliminated, the job is now significantly more difficult.