Quest Rare Minerals Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2014. For the quarter, the company reported operating loss of $721,053 compared to $1,085,410 a year ago. Loss before income taxes was $713,915 compared to $1,042,041 a year ago. Net loss and comprehensive loss for the period was $713,915 or $0.01 per basic and diluted share compared to $1,042,041 or $0.02 per basic and diluted share a year ago.

For the six months, the company reported operating loss of $1,795,579 compared to $2,085,855 a year ago. Loss before income taxes was $1,683,623 compared to $1,969,112 a year ago. Net loss and comprehensive loss for the period was $1,683,623 or $0.02 per basic and diluted share compared to $1,969,112 or $0.03 per basic and diluted share a year ago. Net cash flows used in operating activities was $2,919,879 compared to $2,435,398 a year ago. Investment in exploration and evaluation assets was $5,434,678 compared to $15,202,474 a year ago.