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Although Mars today does not have a core dynamo, magnetizations in the Martian crust and in meteorites suggest a magnetic field was present prior to 3.7 billion years (Ga) ago. However, the lack of ancient, oriented Martian bedrock samples available on Earth has prevented accurate estimates of the dynamo's intensity, lifetime, and direction. Constraining the nature and lifetime of the dynamo are vital to understanding the evolution of the Martian interior and the potential habitability of the planet. The Perseverance rover, which is exploring Jezero crater, is providing an unprecedented opportunity to address this gap by acquiring absolutely oriented bedrock samples with estimated ages from ∼2.3 to >4.1 Ga. As a first step in establishing whether these samples could contain records of Martian paleomagnetism, it is important to determine their ferromagnetic mineralogy, the grain sizes of the phases, and the forms of any natural remanent magnetization. Here, we synthesize data from various Perseverance instruments to achieve those goals and discuss the implications for future laboratory paleomagnetic analyses. Using the rover's instrument payload, we find that cored samples likely contain iron oxides enriched in Cr and Ti. The relative proportions of Fe, Ti, and Cr indicate that the phases may be titanomagnetite or Fe‐Ti‐Cr spinels that are ferromagnetic at room temperature, but we cannot rule out the presence of non‐ferromagnetic ulvöspinel, ilmenite, and chromite due to signal mixing. Importantly, the inferred abundance of iron oxides in the samples suggests that even <1 mm‐sized samples will be easily measurable by present‐day magnetometers. Plain Language Summary: Mars today does not have a magnetic field, but laboratory studies of Martian meteorites and spacecraft observations of the Martian crust indicate that Mars's metallic core once generated a magnetic field, known as a core dynamo. Although the dynamo seems to have been active prior to ∼3.7 billion years ago, its strength, direction and lifetime are largely unknown. Determining these characteristics is important for understanding the evolution of the Martian core and to test the theory that the magnetic field played a key role in making ancient Mars habitable. The Perseverance rover is providing a unique opportunity to answer these questions by acquiring bedrock samples that may span the full lifetime of the field. However, to establish whether these samples could tell us about the ancient dynamo, it is important to show they contain minerals with a special property known as ferromagnetism that allows them to record and retain records of the ancient magnetic field. Here, we present evidence the samples contain iron oxide minerals, many of which are known to be ferromagnetic. As such, we expect that future laboratory studies of these samples following their return to Earth will provide powerful constraints on the history of Mars's magnetic field. Key Points: Iron oxides with titanium and chromium components are present in lithologies sampled by the Perseverance rover on MarsThese iron oxides may contain magnetizations from ancient Martian magnetic fieldsReturned samples of these lithologies will constrain the history and characteristics of the Martian dynamo [ABSTRACT FROM AUTHOR]