Hi Nav, it's unclear at this point.
Listening to Phil in the interview, I got the impression that 70% would be funded through debt, which is the desired outcome, as it incurs less dilution for current holders. He didn't seem too concerned with the other 30%, this could also be financed through debt, or equity (issuing of new shares) to Daelim or someone else. It wouldn't be your typical cap raise, although the concept is the same, the holding would be given to the strategic partner or an institution, retailers wouldn't be involved.
The figures in the PFS, were based off a 50/50 debt/equity split @ 6% for the debt. So according to the interview, the 70% debt (at least) would be a more favourable outcome for current holders than the numbers in the PFS.
It's still speculation at this point though, we need to wait and see the details when deals are announced. Just for comparison, Strike expects to retain at least 30% carried interest in their project, still early days with them as well. You wouldn't want to compete with either in my view, especially if you get your gas for $10 g/j.
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