A combined study of magnetic parameters of basalt and andesite samples is performed in the framework of geological investigations of the Franz Josef Land at the paleomagnetic laboratory of Munich University. The study included the determination of the coercivity, saturation magnetization, Curie points, natural remanent magnetization (NRM), and magnetic susceptibility and the examination of ferromagnetic minerals with a microscope. Data on the chemical composition of rocks are obtained for all samples, and radiological ages are determined for the majority of rocks. Thermomagnetic curves of samples are subdivided into four types depending on the composition of ferromagnetic NRM carriers. The data obtained point to multiple changes in the predominant composition of igneous rocks. Each stage of magmatism is characterized by a specific type of the ferromagnetic component in the rocks and, therefore, magnetomineralogical investigations can be used for differentiation and correlation of the igneous rocks.