** Shares of Scorpion Minerals SCN.AX rise 86.7% to A$0.028

** Stock hits its highest level since March 28, 2024

** Mineral explorer enters a joint venture agreement with E79 Gold Mines E79.AX for the Jungar Flats Gold Project in Western Australia

** Agreement grants SCN the right to earn 51% of the project by spending A$1.5 million ($946,800.00) on exploration in the first three years of signing the agreement

** About 3.1 million shares change hands, 10.6 times the 30-day average of 294,063 shares

** Stock unchanged for the year, as of last close

($1 = 1.5843 Australian dollars)

(Reporting by Manasi Dasa Sundeep in Bengaluru)

((Manasi.DasaSundeep@thomsonreuters.com))