** Shares of Power Minerals rise as much as 11.4% to A$0.098, their highest levels since Aug 16

** The mineral resources explorer executes a joint venture agreement $(JVA)$ for the strategic funding and development of the Rincon Project within its Salta Lithium Project, Argentina

** Co says parties to the JV include China's Navigate Energy Technology, Singapore's Repenergy Investment Private and co

** Adds Navigate Energy Technology will provide $4 million equity investment into the JV

** Stock has fallen 58.1% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com))