Quest Rare Minerals Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the period, the company reported operating loss of CAD 696,691 compared to CAD 1,256,085 a year ago. Net loss and comprehensive loss was CAD 725,047 or CAD 0.01 per basic and diluted share compared to CAD 1,178,527 or CAD 0.02 per basic and diluted share a year ago.

For nine months, the company reported operating loss of CAD 2,492,270 compared to CAD 3,341,940 a year ago. Net loss and comprehensive loss was CAD 2,408,670 or CAD 0.04 per basic and diluted share compared to CAD 3,147,639 or CAD 0.05 per basic and diluted share a year ago. Net cash flows used in operating activities was CAD 3,064,843 compared to CAD 1,838,365 a year ago. Investment in exploration and evaluation assets was of CAD 7,140,327 compared to CAD 19,382,746 a year ago.