July 26, 2018

Mark C. Jensen
Chief Executive Officer
American Resources Corporation
9002 Technology Drive
Fishers, IN 46038

       Re: American Resources Corporation
           Form 10-K for the Fiscal Year Ended December 31, 2017
           Filed April 23, 2018
           File No. 000-55456

Dear Mr. Jensen:

       We have reviewed your filing and have the following comments. In some of
our
comments, we may ask you to provide us with information so we may better
understand your
disclosure.

       Please respond to these comments within ten business days by providing
the requested
information or advise us as soon as possible when you will respond. If you do
not believe our
comments apply to your facts and circumstances, please tell us why in your
response.

       After reviewing your response to these comments, we may have additional
comments.

Form 10-K for the Fiscal Year Ended December 31, 2017

Business, page 4

1.    Please discuss the potential impact that the recent series of reciprocal
U.S., Chinese, and
      European tariffs are likely to have on your operating costs, product
margins, and overall
      competitive position.
2.    We note your disclosure that 63% of revenue came from two customers.
Please identify
      the names of these customers and their relationship, if any, with the
company. Please see
      Item 101(c)(1)(vii) of Regulation S-K.
Environmental, Governmental, and Other Regulatory Matters, page 7

3.    Please quantify the cost of compliance as discussed in this section.
 Mark C. Jensen
FirstNameResources Corporation
American LastNameMark C. Jensen
Comapany NameAmerican Resources Corporation
July 26, 2018
July 26, 2018 Page 2
Page 2
FirstName LastName
Properties, page 10

4.       For each of your material properties please clarify if all necessary
permits have been
         obtained. For material properties in which all permits have not been
obtained please
         briefly summarize the significant permits remaining to be obtained and
the likelihood of
         obtaining such permits.
5.       Please insert a map showing the location and access to each of your
properties, plants, and
         transportation routes pursuant to paragraph (3)(b) of the Instructions
to Item 102 of
         Regulation S-K.
6.       For each of your material properties please briefly summarize your
lease and royalty
         obligations, including the expiration date of the lease, pursuant to
paragraph (b) (2) of
         Industry Guide 7.
7.       For each material property please disclose the information required by
paragraph (b)(4) of
         Industry Guide 7 including the condition of the plant and equipment,
the work completed
         on the property, the total cost for each property, and the source of
power and water.
8.       For each of your mines and processing facilities please disclose
tonnages produced and
         the average price received. To the extent available please include
this information for the
         last three fiscal years. In this regard we reference paragraph (3) of
the Instructions to Item
         102 of Regulation S-K.
9.       For each of your properties without a mineral reserve please provide a
clear statement that
         the property has no mineral reserves pursuant to paragraph (4) (i) of
Industry Guide 7.
10.      Please disclose the production capacity and utilization rate for each
of your mines and
         processing plants pursuant to paragraph (1) of the Instructions to
Item 102 of Regulation
         S-K.
11.      We note your references to mineral reserves throughout your filing.
For each of your
         properties please disclose your proven and probable mineral reserves
pursuant to
         paragraph (3) of the Instructions to Item 102 of Regulation S-K.
Please disclose reserves
         in terms of tonnage and grade or quality and clarify if your reserves
are stated prior to or
         after mining and processing dilution and recovery factors. If
reporting reserves prior to
         dilution and recovery factors please include these factors as a
footnote to your reserve
         table. Clearly classify your coal reserves as thermal or metallurgical
coal. Additionally
         include the mineral pricing assumptions used in the economic
evaluation of your mineral
         reserves as a footnote to your reserve disclosure.
Management's Discussion and Analysis of Financial Condition and Results of
Operations, page
15

12.      Please modify your filing to provide a chart or graph presenting the
5-year historical
         industry pricing for thermal and metallurgical coal in your targeted
markets. See
 Mark C. Jensen
FirstNameResources Corporation
American LastNameMark C. Jensen
Comapany NameAmerican Resources Corporation
July 26, 2018
July 26, 2018 Page 3
Page 3
FirstName LastName
         Regulation S-K Item 303(a) (3) and the Instructions to Item 303(a).
Employees, page 20

13.      Please clarify whether your disclosed number of employees,
"approximately 204,"
         includes contractors.
Results of Operations for the Years Ended December 31, 2017 and December 31,
2016, page 20

14.      Please expand and revise your discussion under results of operations
for all periods to
         provide a more detailed analysis of the reasons underlying each
material quantitative
         change in operating measures from period to period. We note that while
you discuss
         certain factors to which changes are attributable, you do not analyze
the underlying
         business reasons for the changes. For example, you attribute an
increase in revenue to "a
         full year of production" and attribute increased network operations
expenses to "a full year
         of production," you do not fully analyze the underlying reasons for
these changes. Where
         there are material fluctuations individually or in the aggregate, we
believe your
         disclosures could be improved by ensuring that all material factors
are analyzed. Please
         refer to Item 303 of Regulation S-K and Securities Act Release No.
33-8350.
Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder
Matters, page 30

15.      Please include your officers, directors, and other holders of Series A
preferred stock (and
         other securities) on your beneficial ownership table "common stock
beneficially owned"
         columns. While you disclose the number and percentage of Series A
preferred stock held,
         you do not present these shareholders' as-converted common stock
ownership percentages
         on page 31. Please include this information for clarity and
completeness.
16.      Your table discloses that Golden Properties beneficially owns
1,688,350 shares of
         common stock while Note 3 states that Golden Properties beneficially
owns 1,885,460
         shares. Please clarify. It also appears that Golden Properties holds
warrants that allow it
         to purchase approximately 5 million shares. Please update your
beneficial ownership
         table to correct both Note 3 and reflect the shares which may be
purchased pursuant to the
         outstanding warrants. If you believe these shares of common stock are
not required to be
         included on the beneficial ownership table, please provide us with a
detailed explanation.
Note 1 - Summary of Significant Accounting Policies
Basis of Presentation and Consolidation, page F-7

17.      As applicable, please disclose:
           the nature of your involvement with each VIE;
           the nature of restrictions on a consolidated VIE's assets and on the
settlement of its
            liabilities in your balance sheet, including the carrying amounts
of such assets and
            liabilities;
 Mark C. Jensen
FirstNameResources Corporation
American LastNameMark C. Jensen
Comapany NameAmerican Resources Corporation
July 26, 2018
Page 4
July 26, 2018 Page 4
FirstName LastName
             the nature of, and changes in, the risks associated with your
involvement with each
             VIE; and
              how your involvement with each VIE affects your financial
position, financial
             performance,and cash flows.

         Refer to ASC 810-10-50-2-AA.
18.      We note the Company is the primary beneficiary of ERC Mining LLC and
Land
         Resources and Royalties LLC. Please provide us a "primary beneficiary"
analysis
         underpinning your conclusions. In this regard, we note:
           certain members of your management team will derive direct financial
and economic
            benefit from mining properties leased from Land Resources &
Royalties LLC, which
            they own and control; and
           LC Energy Operations LLC, an unrelated entity, is required to
provide funding for the
            operations of ERC's Gold Star mine and any cash flows from its
operations for the
            foreseeable future will go to LC to satisfy prior debt advanced to
the Gold Star Mine.
Coal Property and Equipment, page F-10

19.      We note on pages 5-6 and on pages 17-18 that that you have several
idled, non-producing
         mines. Please advise us and expand your disclosures to provide:
           the total carrying value of the long-lived assets at the idled mines
and their locations;
           when you performed the impairment analysis; and
           how you define an asset group, specifically the factors you consider
in determining
            whether a mine or group of mines has independent cash flows.
Asset Retirement Obligations (ARO)   Reclamation, page F-10

20.      Please disclose the significant assumptions underlying your
measurement of accrued asset
         retirement obligations which may be subject to a number of variables,
including but not
         limited to estimated future closure costs, estimated proven reserves,
assumptions
         involving profit margins, inflation rates, and the assumed
credit-adjusted risk-free interest
         rates.
Note 2 - Property and Equipment, page F-13

21.      Please disclose the gross amount of assets recorded under capital
leases, according to
         nature or function. Refer to ASC 840-30-50-1a.
Note 9 - Equity Transactions, page F-18

22.      Please tell us your basis of accounting and presentation for the
Series B preferred stock
         which we note has a conversion value that decreases based on the
proportional miss of the
         Company's EBITDA and is puttable at a premium in the event of a
secondary offering,
         among other hurdles. Further, disclose the targeted EBITDA and the put
premium.
 Mark C. Jensen
American Resources Corporation
July 26, 2018
Page 5
General

23.      We note your statement that the company was formed to "construct
and/or purchase and
         manage a chain of combined gasoline, diesel and natural gas (NG)
fueling and service
         stations" and other related statements in your business overview. We
also note references
         on your website to "oil and gas operations" and your ability to
"invest as an operator, net
         revenue interest holder or net royalty interest holder." Please
provide more information
         regarding these statements and update your filing accordingly. We also
note that your
         Form S-1 (333-226042) makes no reference to current or ongoing oil,
gas, etc. operations.
24.      We also note your statement on your website that "American Resources
has an economic
         interest in the Quest LNG brand, which is a development stage United
States Virgin
         Islands based supplier of Liquefied Natural Gas ('LNG') to the
Caribbean marketplace."
         Please discuss and disclose your relationship with Quest LNG,
specifically highlighting
         this entity's relationship with your subsidiaries Quest Energy Inc.
and Quest Processing
         LLC.
Form 10-Q for the Quarter Ended March 31, 2018

Item 2. Management's Discussion and Analysis of FInancial Condition and Results
of Operations
Liquidity and Capital Resources , page 17

25.      Please discuss your current funding sources and your ability to
satisfy your current debt
         obligations and to pay for the costs of maintaining your mines for
operational and
         regulatory purposes.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       You may contact Kathryn Jacobson, Senior Staff Accountant, at (202)
551-3365 or
Robert S. Littlepage, Accounting Branch Chief, at (202) 551-3361 if you have
questions
regarding comments on the financial statements and related matters. Please
contact William
Mastrianna, Attorney-Adviser, at (202) 551-3778 or Celeste M. Murphy, Legal
Branch Chief, at
(202) 551-3257 with any other questions.

FirstName LastNameMark C. Jensen
Comapany NameAmerican Resources Corporation
                                                               Division of
Corporation Finance
July 26, 2018 Page 5                                           Office of
Telecommunications
FirstName LastName