There are plans to expand reindeer husbandry in the Nadym District of the Yamal-Nenets Autonomous Area. For this purpose, we studied the elemental composition of the dominant species of the tundra and open boreal woodland vegetation cover. We analyzed leaves of dwarf birch (Betula nana L.), dwarf shrubs of bog blueberry (Vaccinium uliginosum L.), marsh Labrador tea (Ledum palustre L.), and leatherleaf (Chamaedaphne calyculata (L.) Moench); sphagnum moss (Sphagnum sp. L.); and fruticose lichens (Cladina stellaris (Opiz.) Brodo). The X-ray fluorescence analysis was used to obtain data on the content of Ca, K, P, Si, Mg, Na, S, Zn, Cu, Ni, Co, Fe, Mn, Cr, Ti, and Al. We defined the biogeochemical features of the reindeer forage plants. In vascular plants and sphagnum mosses, the content of almost all essential macroelements is low, while the content of most microelements (Cu, Ni, Co, Cr, and Mn) exceeds the world average values. The lichens are characterized by low concentration of Ca, K, Mg, and P, which is more than one order of magnitude lower than the world average values, and the deficiency of microelements. The results were compared with the results from similar studies in other geographical regions of the tundra zone, and it was found that tundra plants have a similar pattern of element accumulation. In particular, leaves of dwarf birch are distinguished by accumulation of Mg; the content of Al, Fe, and Si is increased in mosses; Mn is accumulated in dwarf shrubs and dwarf birch; lichens are characterized by the deficiency of most elements. Therefore, in order to prevent animal diseases, it is necessary to improve the elemental composition of reindeers feed by increasing the share of “green” forage in winter, when lichens dominate the diet.