Great Western Minerals Group, Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported sales of CAD 6,116,876 compared to CAD 3,967,856 for the same period of last year. Loss before income taxes was CAD 9,573,074 compared to CAD 7,252,720 for the same period of last year. Net loss from continuing operations was CAD 9,573,074 or CAD 0.023 per basic and diluted share compared to CAD 7,252,720 or CAD 0.018 per basic and diluted share for the same period of last year. Net loss was CAD 9,576,426 compared to CAD 7,437,670 for the same period of last year. Basic and fully diluted loss per share was CAD 0.02 compared to CAD 0.02 for the same period of last year. Manufacturing services revenue increased CAD 2.1 million, or 53% over the same period of the prior year on higher volumes and favorable exchange rates.

For the nine months, sales were CAD 18,836,983 compared to CAD 11,602,716 for the same period of last year. Loss before income taxes was CAD 24,828,886 compared to CAD 19,521,235 for the same period of last year. Net loss from continuing operations was CAD 24,828,886 or CAD 0.059 per basic and diluted share compared to CAD 19,406,080 or CAD 0.047 per basic and diluted share for the same period of last year. Net loss was CAD 24,990,459 compared to CAD 19,909,531 for the same period of last year. Basic and fully diluted loss per share was CAD 0.059 compared to CAD 0.048 for the same period of last year. Cash used in continuing operating activities was CAD 5,846,937 compared to CAD 19,091,633 reported a year ago. Cash used in operating activities was CAD 7,050,783 compared to CAD 19,474,979 reported a year ago. Purchase of property, plant and equipment was CAD 505,685 compared to CAD 4,989,288 reported a year ago. Manufacturing services revenue was up 62% as the company sold 293 metric tonnes of alloys compared with 199 metric tonnes of alloys in the comparable period of 2013.