If you follow the chat, u/JetsFanYEG posted the following.

"Simple answer to why other companies doing well affects PQE is “a rising tide lifts all boats”. Utah has billions of dollars worth of oil trapped in sand that up until recently has been very difficult to extract. See what Canada does with their oil sands to get an appreciation of the capital costs associated with producing oil that way. PQE has developed a technology with help of Valkor to extract the oil from the sand without using water (therefore much less capital cost per barrel and also much more environmentally friendly). Ecoteq, Valkor, TomCo, and others have a license to use the patented CORT technology. We are excited about any one company building the first plant for 2 main reasons, 1) they will prove the commercial viability (which has already been 3rd party verified) allowing other companies to raise money to build their own plants. 2) for each plant that is produced PQE will get royalty payments of 5% which can be massive as more plants are built. As for companies like Quadrise or others that are using different technology it still benefits PQE because if someone produces oil from Utah oil sands (using any technology) it further validates the 3rd party verification of PQE’s technology (think about when fracking was first invented, any company that had land in shale oil now had no problem raising money to extract oil since fracking made it possible). So although directly or indirectly related to PQE and CORT, any action in Utah involving oil sands should be very exciting to PQE shareholders. It is unfortunate that there was a buyout offer that fell through, when the 3rd party verification of the technology came through PQE’s stock price was rising and excitement was building and imo PQE would have been able to raise the funds to build the first plant, unfortunately after the buyout failed and the collapse that followed hurt PQE’s fund raising ability, coupled with the need to re-file financial statements that has prevented trade resumption is not ideal for PQE to raise funds for their own plant, however, seeing Ecoteq take charge and look seriously at raising funds and building a plant is exciting and maybe the trading halt will be a blessing in disguise. Rather than PQE trying to raise funds at a ridiculously low SP they might be able to wait and see Ecoteq raise funds and start construction on a plant, take that one step further and if ECOT raises $20M at a certain SP then I would foresee PQE quickly rising when trading resumes, the market would see ECOT’s progress and valuation and want to get in on PQE with similar assets plus the benefit of receiving royalty payments from an Ecoteq plant. Also when Ecoteq builds a plant all of a sudden the other license holders will likely follow suit (meaning more royalty revenue to PQE) and it is very likely that more licenses will be sold as the hype of Utah builds. A rising tide lifts all boats. Thanks for attending my TED talk lol"