Quest Rare Minerals Ltd. reported unaudited consolidated financial results for the quarter ended January 31, 2014. For the quarter, the company reported operating loss of $1,074,526 compared to $1,000,445 a year ago. Net loss and total comprehensive loss for the period was $969,708 compared to $927,071 a year ago.

Net loss per basic and fully diluted share was $0.01 compared to $0.01 a year ago. Net cash flows used in operating activities was $2,330,044 compared to $1,665,305 a year ago. Investment in exploration and evaluation assets was $4,088,867 compared to $9,353,246 a year ago.