Originally the recording sessions were produced by Dave Stock at Eastern Sound in Toronto. They were scheduled late at night during the 'dead' time in studios because of the band's low budget and the rates during this period were the cheapest. Stock had also worked on the band's debut single (a cover of Buddy Holly's "Not Fade Away", with an original composition, "You Can't Fight It", on the B-side). "You Can't Fight It" was to be included on the album but was scrapped. Two of the Eastern Sound recordings, "In the Mood" and "Take a Friend" were included on the final album.
However, Rush were unhappy with the quality of the first sessions. They moved to Toronto Sound Studios and produced the next sessions themselves while achieving a significant improvement in recording quality. They added new overdubs to existing backing tracks of "What You're Doing", "Before and After" and "Working Man". The tracks with the most advanced production were recorded entirely at Toronto Sound: "Finding My Way", "Need Some Love" and "Here Again". These new songs took the place of recordings from the earlier sessions. Both studios used 8-channel multitrack recorders, which was quite primitive for 1973, but the group quickly learned to make the best use of the technology that was available.
In July 2008, Rush discovered an old version of "Working Man" with an alternative guitar solo. They allowed the makers of the popular rhythm game Rock Band to use the master tapes for the song's inclusion. This version of the song, known as "Working Man (Vault Edition)", was released as a downloadable song for the game, and later, on July 22, 2008, it was made available to the public through iTunes.
The band and its management formed their own company, Moon Records, and released the album in Canada. Only 3,500 copies of the original Moon Records LP (catalog number MN-100) were pressed. The first version of the LP has a cream-coloured label with a blue Moon Records logo and black type.
The album was soon picked up by WMMS, a radio station in Cleveland, Ohio. Donna Halper, a DJ working at the station, selected "Working Man" for her regular play list. Every time the song was played the station received phone calls asking where to buy the record. Copies of the Moon Records album were imported to the Cleveland area and quickly sold out. In the 2010 documentary film Rush: Beyond The Lighted Stage, Halper says that "Working Man" was the perfect song for the Cleveland rock audience, as it was still mostly a factory town in 1974.
The record's popularity in Cleveland quickly led to the re-release of the album by Mercury Records. The first Canadian Mercury release on the standard red Mercury label is nearly as rare as the Moon version. It also had the Moon number 'MN-100' between the run-out grooves, indicating that it was pressed from the same lacquer masters as the Moon disc. A special thank you to Donna Halper was added to the album credits of this and all later versions.
At this point manager Ray Danniels scraped together an additional $9,000 for producer Terry Brown to professionally re-mix all of the recordings for better sound quality. This remix version was used for later releases most of which used the Mercury "skyline" record label instead of the red label.
A later Moon Records version of undetermined origin has a pink label with gray moon craters.
The original album logo was red, but a printing error made it appear more pink in colour. This is one of two Rush albums where the cover artwork had printing errors (the other album is Caress of Steel).
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